Around 887.8 million shares of Techcombank were deposited at the Vietnam Securities Depository (VSD) on December 13, the first step to trading shares on the Unlisted Public Company (UpCom) market.
Techcombank is preparing to trade shares on the UpCom market (Photo: Techcombank)
Hanoi (VNA)- Around 887.8 million shares of Techcombank were deposited at the VietnamSecurities Depository (VSD) on December 13, the first step to trading shares onthe Unlisted Public Company (UpCom) market.
The shares ofTechcombank, or the Vietnam Technological and Commercial Joint Stock Bank, havebeen deposited under the code TCB.
The value of theregistered shares is 8.878 trillion VND (394.6 million USD), which is itscharter capital, under the certification for trading registration issued by theVSD on December 12.
Techcombank said thedeposit was made to comply with a finance ministry circular, which requires allunlisted public companies to register for trading on UpCom no laterthan December 31, 2016.
The registration isnecessary to increase the liquidity of Techcombank shares and will improve itsstanding because of transparency in disclosing information.
The bank posted apost-tax profit of 2.29 trillion VND for the first nine months of 2016, ayear-on-year increase of 89.5 percent. Its total assets are worth 222.7trillion VND, up 16 percent compared to last year’s figure.-VNA
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Techcombank is preparing to trade shares on the UpCom market (Photo: Techcombank) 
