777 investors including 8 institutional investors and 669 individual investors have registered to buy OCB shares (Orient Commercial Joint Stock Bank) auctioned by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank).
According to the Hanoi Stock Exchange (HNX), Vietcombank will auction over 6.6 million shares of OCB. This is the number of shares remaining because of the previous auction’s being no buyer.
However, contrary to the last time, at this auction, the number of investors registering to buy OCB shares reached 777, including 8 institutional investors and 669 individual investors.
Total registered volume is over 73.3 million shares, 11 times more than the volume of OCB shares Vietcombank wants to sell. Of which institutional investors and individual investors wanted to buy nearly 11 million and more than 62 million shares, respectively.
As planned, the auction of 6.6 million OCB shares will take place on April 17, 2018; starting price is VND 13,000/share.
Previously, according to VietnamFinance, the first auction of OCB shares by Vietcombank sold 13.1 million shares.
The un-sold amount of 6.6 million shares in the first auction were reputed to the volume of OCB shares offered not including the right to receive 5 percent bonus shares at the closing date of shareholders list (December 20).
In addition, at the time of auction, the foreign ownership of OCB has reached the maximum, so other foreign investors have no opportunity to own OCB shares.
In 2017, OCB recorded VND 1.021 trillion of pre-tax profit, 2.1 times more than that of 2016. This remarkable growth rate mainly came from the sound core businesscredit and investmentwith VND 2.401 trillion of net income (up 44.6 percent year-on-year).
At the same time, service income recorded high net profit of VND 195 billion (+ 100 percent year-on-year); foreign currency business brought nearly VND 47 billion of net profit, while the same period last year recorded a loss of VND 3 billion; security trading brought VND 48.7 billion of net profit, while the net loss of VND 261 million last year.
As of December 31, 2017, the OCB’s total assets value is VND 84.3 trillion, up 32 percent compared with the beginning of the year. Of which, outstanding loans was VND 48.182 trillion, up 25 percent year-on-year.
Regarding equity, the equity by the end of December 31, 2017 of OCB was VND 6.139 trillion, up 30 percent over the beginning of the year. Customer deposit was VND 53.205 trillion, up 23.6%.
