CIMB edges close to Maybank Mar 5, 2009
Maybanks share price fell in October last year, along with other stocks in global markets, but it also came under selling pressure over impairment concerns on its acquisitions of PT Bank Internasional Indonesia (BII), Pakistans MCB Bank Ltd and Ah Binh Commercial Joint Stock Bank in Vietnam last year. It paid high price premiums of 4. (The Star Online, Malaysia -- Business)
Maybank buying 15% of Vietnam bank for RM430m Mar 21, 2008
KUALA LUMPUR: Malayan Banking Bhd is making its foray into Vietnams banking sector by acquiring a 15% stake in An Binh Commercial Joint Stock Bank (ABBank) for RM430mil cash consideration. Maybank said on Friday it had signed an agreement with ABBank to acquire the 15% stake. (The Star Online, Malaysia -- Business)
Palmary 'ignorant' over consmin holding Oct 31, 2007
"Palmary was not aware that its shareholding through Joint Stock Bank ING Bank Ukraine formed part of the undisclosed shareholding held in Prague," Palmary said in a statement. Two of the other mystery groups, Torbock Holdings and Wadless Holdings, which hold more than seven per cent of ConsMin, have links to Mr Bogolyubov's business associate Igor Kolomoisky. (Sydney Morning Herald)
TA set to buy into Vietnam broker Oct 10, 2007
Among the founding substantial shareholders of ORS are Orient Commercial Joint Stock Bank (OCB), state-owned company Ben Thanh Corp (Sunimex) and Saigon General Service Corp (Savico). Sunimex has 48 subsidiaries in banking, financial, trading, telecommunications, postal, real estate and tourism. (The Star Online, Malaysia -- Business)
ANZ Bank plans 10-15 branches in Vietnam Jul 24, 2007
HSBC was allowed in July by the State Bank of Vietnam to raises its stake in Vietnam Technological and Commercial Joint Stock Bank, or Techcombank, to 15 per cent from 10 per cent, the first time the April decree was applied. 2007. (Sydney Morning Herald -- Business)
ANZ Bank buys stake in Saigon Securities Jul 10, 2007
In April, Deutsche Bank agreed to buy as much as 20 percent of Hanoi Building Commercial Joint Stock Bank, subject to regulatory approval. In November, BNP Paribas agreed to buy 10 percent of Orient Commercial Bank. (International Herald Tribune -- Business Asia)
HSBC increases stake in Vietnam bank to 15 percent for US$33.7 million Jul 9, 2007
8 million) to raise its stake in Vietnam Technological and Commercial Joint Stock Bank, or Techcombank, to 15 percent, an HSBC spokeswoman said Monday ... 2 billion) at the end of May, according to HSBC. The bank, one of Vietnam's largest joint stock banks, serves almost 200,000 retail customers and over 13,000 commercial customers through a network of more than 100 branches. (The Star Online, Malaysia -- News)
Foreign news in brief Mar 20, 2007
HSBC runs a branch in Hanoi and another in Ho Chi Minh City, and in 2005 bought a 10% stake in Vietnam Technological rcial Joint Stock Bank, known as Techcombank. HSBC chief executive officer Michael Geoghegan said yesterday that the company is still awaiting regulatory approval. (The Star Online, Malaysia -- Business)
Vietnam to sell stakes in 4 banks Jan 7, 2007
The top two publicly traded Vietnamese banks by assets, Asia Commercial Bank and Saigon Thuong Tin Commercial Joint Stock Bank, are already at the 30 percent foreign investor limit. . (International Herald Tribune -- Business Asia)
