Vietcombank plans new issue of 10 pct of stock for foreigners

March 21, 2016 1:38 AM

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HANOI, March 21 Vietcombank, Vietnam's top lender by market value, plans to sell new shares to foreign investors, equivalent to 10 percent of existing stock, to meet capital requirements and fund strategic activities, bank officials said.

The lender is working with Credit Suisse to study potential investors and expects a deal to come this year, bank board member Le Thi Hoa told Reuters.

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