SCIC officially owns 10% of Military Bank's capital

Five institutional investors bought MBB shares in the recent offering and significantly increased their ownership in the bank. Currently, Viettel, SCIC, Vietcombank, Maritime Bank, Saigon New Port and two other entities own more than 66% of MB’s capital.

MBB's shareholder structure after the stock offering completed on September 18, 2015

Accordingly, MB registered to offer more than 390.6 million shares with an expected mobilized capital of VND 3,906 billion at a par value of VND 10,000/share, implementation period from September 1 to 18, 2015.

However, the results of the share offering were better than expected. 100% of the shares were sold with the lowest selling price being VND10,500/share and the highest price being VND11,655/share.

The total amount of money raised from the sale of shares is 4,286 billion VND. Thus, after this offering, MBB's capital will increase by nearly 16,000 billion VND.

Notably, there are 5 institutional investors who are major shareholders who bought MB shares in the issuance, including:

The Military Telecommunications Group (Viettel) bought more than 60.8 million shares, raising the total number of MBB shares it owns to 240 million shares, equivalent to 15% of MB's capital - the largest shareholder.

Viettel State-owned Trading and Import-Export Company Limited bought more than 26.8 million shares, raising the total number of shares owned to more than 74.2 million shares, accounting for 4.64% of MB's capital.

Saigon Newport Corporation Limited Company purchased more than 71.4 million shares, raising the total number of shares owned to 122.4 million shares, accounting for 7.65% of MB's capital. The ownership ratio before purchasing additional shares of this company was 4.27%.

Vietnam Helicopter Corporation – LLC bought 71.4 million shares, increasing the number of shares to 127.5 million shares, equivalent to 7.97% of MB’s capital. Previously, this unit only owned 4.7% of MB’s capital.

State Capital Investment Corporation (SCIC) bought 160 million shares, accounting for 10% of MB's capital.

Thus, SCIC has officially become a major shareholder of MB after many previous "hints" about wanting to own shares of this bank.

The above 5 units currently own over 45% of MB's capital, along with other major shareholders such as Maritime Commercial Joint Stock Bank (MaritimeBank) over 12%; Vietcombank 9.6%. Other shareholders only own about 33% of MB's capital.

According to Young Intellectuals