On June 2, 2021, the State Bank of Vietnam (SBV) issued Document No. 3920/NHNN-TTGSNH allowing EVN Finance Joint Stock Company (EVNFinance) to increase its charter capital.
Accordingly, the SBV has approved of EVNFinance's request to increase its charter capital by the maximum amount of VND 397,471,897,500, from the remaining profits of 2018 and 2019 in line with the plan for increasing the charter capital adopted by the General Shareholders’ Meeting of EVNFinance in 2020.
EVNFinance is requested to increase its charter capital in compliance with the applicable legal regulations, including the limits on share ownership of shareholders and their related people as stated in the 2010 Law on Credit Institutions (as amended and supplemented in 2017), and the SBV's guiding documents after having completed the charter capital increase. EVNFinance is also required to implement the procedures for amending and supplementing its License (related to the charter capital substance) upon having completed the charter capital increase.
LK