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Mr. Bau Kien has withdrawn all capital in VietBank

Wednesday - 09/01/2019 18:31
In Mr. Kien's family, only his wife, Dang Ngoc Lan holds the most shares of VietBank, accounting for 4.6% of the bank's capital.
Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) has just announced the results of stock transactions of internal shareholders and related people with banks. Accordingly, Mr. Nguyen Duc Kien (Mr. Bau Kien), Ms. Dang Ngoc Lan's husband - member of VietBank's Board of Directors, sold all 6.61 million shares of this bank, equivalent to more than 2% of charter capital from December 6 / 2018 to 6/1/2019.

Mr.Bau Kien's divestment from VietBank and his family members was registered from the end of August 2018 but it was not until 12/2018 that it was successful. Previously, Bau Kien had registered to sell all of these shares but could not perform due to unfinished securities depository procedures.

At the same time Mr. Bau Kien rescued all of its ownership from VietBank, Bau Kien's parents-in-law Mr. Dang Cong Minh and Nguyen Thi Kim Thanh also sold nearly 6.5 million shares of this bank on total ownership near 7.5 million shares. Accordingly, the ownership of these two shareholders is only 1 million shares.

Total ownership at VietBank of Bau Kien related shareholders currently has nearly 16 million shares, equivalent to 4.64% of the bank's charter capital. In particular, Ms. Dang Ngoc Lan (wife of Bau Kien) is the most holding shareholder with nearly 15 million units, equivalent to over 4.6% ownership.

VietBank is one of the small group banks. By the end of the second quarter, VietBank's chartered capital was only over VND 3,200 billion, with the total bank assets of nearly VND 45,000 billion.

In addition to Bau Kien's family, this bank has another major shareholder, Hoa Lam Investment and Development Joint Stock Company (Hoa Lam Group). Mr. Duong Ngoc Hoa - Chairman of the Board of Directors of VietBank is also the husband of Ms. Tran Thi Lam - the head of Hoa Lam Group.

Author: Translated by CoPhieuViet.Com

Source: Vnexpress newspaper

 Tags: Bau Kien, Vietbank

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