On December 30, 2022, the State Bank of Vietnam (SBV) issued Document No. 9329/NHNN-TTGSNH approving in principle of the change of the legal status of Saigon-Hanoi Commercial Joint Stock Bank Finance Company Limited (SHB Finance Co. Ltd.).
Specifically, the SBV has approved in principle of the change of the legal status of SHB Finance Co. Ltd. from a one-member limited liability company to a limited liability company with two or more members.
SHB Finance Co. Ltd. is responsible for publicizing the information about the approval and implementing the next procedures to request the SBV to officially approve of the change of its legal status as provided for in Circular No. 36/2015/TT-NHNN dated December 31, 2015 of the SBV regulating the reorganization of a credit institution, and other relevant provisions of law.
LK