Vietnamese commercial lender Sacombank is targeting to finalise a 33% stake sale by the end of this year, DealStreetAsia has learnt.
The Ho Chi Minh City-listed bank plans to sell the shares at a target price of between 34,500 dong and 36,000 dong ($1.36-1.4) apiece, translating into a deal value of $840-880 million. The asking price range is significantly higher than its currently traded price of 28,400 dong per share, representing a 53.5 trillion dong ($2.1 billion) market cap.
The Ho Chi Minh City-listed bank plans to sell the shares at a target price of between 34,500 dong and 36,000 dong ($1.36-1.4) apiece, translating into a deal value of $840-880 million. The asking price range is significantly higher than its currently traded price of 28,400 dong per share, representing a 53.5 trillion dong ($2.1 billion) market cap.
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