On June 5, 2024, the State Bank of Vietnam (SBV) issued Document No. 4690/NHNN-TTGSNH approving of the request of Nam A Commercial Joint Stock Bank (NAB) to increase its charter capital.
Accordingly, the SBV has approved of the NAB’s request to increase its charter capital by the maximum amount of VND 3,145,104,030,000 (Three thousand one hundred forty-five billion, one hundred oh four million, thirty thousand Vietnamese dongs), by issuing additional shares from the equity sources with the maximum amount of VND 2,645,104,030,000 (Two thousand six hundred forty-five billion, one hundred oh four million, thirty thousand Vietnamese dongs), and by issuing additional shares through an optional program for the NAB’s employees with the maximum amount of VND 500,000,000,000 (Five hundred billion Vietnamese dongs), in line with the recapitalization plan adopted by the NAB General Shareholders’ Meeting in the Resolution of the 2024 Annual General Shareholders’ Meeting of the NAB dated March 29, 2024, and approved by the NAB Board of Directors in its Resolution No. 584/2024/NQQT-NHNA dated April 11, 2024.
The NAB is requested to implement the charter capital increase in line with the provisions of laws. Within a maximum of ten (10) working days from the completion date of the issuance of the new shares in accordance with the laws, the NAB shall implement the procedures for amending and supplementing its License as stated in Paragraph 4 of Article 11, and Paragraph 2 of Article 12 of Circular No. 50/2018/TT-NHNN.
This Document is valid within 12 months from the date of its signing.
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