On December 1, 2023, the State Bank of Vietnam (SBV) issued Decision No. 9252/NHNN-TTGSNH allowing Ho Chi Minh City Development Commercial Joint Stock Bank (HDBank) to increase its charter capital by issuing shares to the Bank’s employees.
Accordingly, the SBV has approved of HDBank's request to increase its charter capital by the maximum amount of VND 200,000,000,000 (Two hundred billion Vietnamese Dongs) by issuing shares to the Bank’s employees in line with the plan of recapitalization adopted by the HDBank General Shareholders’ Meeting, and approved by HDBank’s Board of Directors in Resolution No. 408/2023/NQ-HĐQT dated October 2, 2023.
HDBank is required to implement the recapitalization plan in compliance with the applicable laws. Within a maximum of 10 working days from the completion date of the issuance of the new shares in accordance with the laws, HDBank shall implement the procedures for amending and supplementing its License as stated in Paragraph 2, Article 2 of Circular No. 50/2018/TT-NHNN dated December 31, 2018 stipulating the dossiers, sequences and procedures for requesting approval of a number of revised substances by commercial banks, foreign bank branches.
This Document is valid within 12 months from the date of its signing.
Le Hang