Vietnam's State Capital Investment Corp. plans to off-load shares in Vietnam Maritime Commercial Joint Stock Bank, or Maritime Bank, via a public auction on the Hanoi Stock Exchange, Viet Nam News reported Feb. 27.
The investment fund on March 28 will offer more than 2.4 million shares of Maritime Bank at an initial price of 12,400 dong per share. The move will mark SCIC's second attempt at off-loading its shares in the lender after failing to do so in November 2015.
In March 2017, the Hanoi Stock Exchange called off an auction for 71.5 million shares of Maritime Bank, owned by Vietnam Posts and Telecommunications Group, due to a lack of investor interest.
As of Feb. 27, US$1 was equivalent to 22,754 Vietnamese dong.
