No.29/2011: Over 16,000 investors register BIDV share auction

Publish date
26/12/2011

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No.29/2011: Over 16,000 investors register BIDV share auction

As reported by Hanoi Stock Exchange (HNX), after the registration time was ended, 16,238 Investors registered to deposit share auction of the Bank for Investment and Development of Vietnam (BIDV) with total quantity of registered shares of 140,875,100 shares, equivalent to 1662.2% of the offered shares (IPO shares of BIDV was 84,754,146 shares).

Specifically: 16,109 individual investors subscribed 101,809,100 shares, occupying 120.1% of total offered quantity; 129 investors registered and deposited 39,066,000 shares, occupying 46.1% of total offered quantity.

The quantity of subscribed shares achieved 166.2% of the offered quantity showed the confidence of the Investors in BIDV. This is the IPO with the largest offered quantity in 2011 and the second largest number of Investors in Vietnam up to now.

On 12/12/2011, the Moody’s International Credit Rating Organization also positively evaluated the BIDV equitization plan. The equitization will help to contribute the capital background and capital safety of BIDV, bringing about structural changes, improving financial and administration transparency. At the same time, the participation of foreign strategic shareholders will help BIDV have independent supervision, improve corporate administration as well as supports in risk management and product development.

In particular, more than 40 international financial institutions showed their attention to the strategic investment opportunity into BIDV. The attention by the Investors to BIDV is a positive signal for stock market!

According to Ms. Nguyen Thi Hoang Loan - Vice General Director of Hanoi Stock Exchange (HNX): “BIDV IPO shows the guideline of the Government in restructuring the State-owned groups and enterprises, enhancing management quality so that the enterprises can operate more effectively… The selection of auction time of BIDV in the context where the economy in general and stock market in particular have difficulty shows the determination and stuff of the BIDV leadership, the people who we can expect to help the enterprises overcome challenges for future strong development.

The above figures point out the attention by the investors to BIDV. Operation result of the bank over the past time has affirmed its position as one of the leading commercial banks in Vietnam… We, the insiders, do hope that the stock market will be warmer after BIDV IPO”.

For further information, please contact:

Branding and Public Relations Division

Bank for Investment and Development of Vietnam

Tel: 04. 22205256; Fax: 04. 22225316

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