1 billion NAB shares approved to be listed on HoSE

Ho Chi Minh City Stock Exchange (HoSE) has just approved the registration of stock listing for Nam A Commercial Joint Stock Bank (Nam A Bank - HoSE: NAB). The number of registered shares is nearly 1.06 billion, equivalent to a charter capital of VND10,580 billion.

The listing decision takes effect from December 21. Nam A Bank must comply with regulations on securities, the stock market and other relevant laws. Before listing on HoSE, NAB shares were traded on UPCoM.

In August 2023, the State Bank also officially approved the amendment of the charter capital of Nam A Bank from nearly VND 8,500 billion to more than VND 10,500 billion. This activity contributes to strengthening financial capacity, increasing medium and long-term capital sources...

Also in August, Nam A Bank's Board of Directors approved a resolution to supplement the plan to list NAB shares on HOSE.

Accordingly, the bank's Board of Directors agreed to add more than 1 billion NAB shares to the HoSE with a par value of VND10,000/share. Nam A Bank is expected to submit a listing registration dossier to HoSE in the third and fourth quarters of 2023.

NAB stock price movements over the past year (Photo: TradingView).

At the 2023 Annual General Meeting of Shareholders held on March 18, the Board of Directors approved the registration to list all outstanding shares of Nam A Bank on the HNX or HoSE depending on market conditions.

In 2022, the plan to list shares was also approved by the General Meeting of Shareholders of Nam A Bank, but was then proactively postponed to ensure shareholders' rights in the context of an unfavorable macro environment and unpredictable stock market developments.

On the stock market, in the afternoon trading session on December 22, NAB shares were fluctuating at 15,400 VND/share, up 1.32% compared to the previous session. Average liquidity was more than 300,000 shares/day .

Source: https://www.nguoiduatin.vn/1-ty-co-phieu-nab-duoc-chap-thuan-do-bo-len-san-hose-a641910.html