To increase charter capital to VND 24,537 billion, SeABank pays stock dividends and issues bonus shares.

DNHN - Southeast Asia Commercial Joint Stock Bank (Stock Code SSB) issues shares to pay dividends and issues shares to increase share capital from equity (bonus shares) at a total rate of 20.3%

Southeast Asia Commercial Joint Stock Bank (SeABank, ticker symbol SSB) issues shares to pay dividends and shares to increase share capital from equity (bonus shares) with a total ratio of 20.3% to increase charter capital from approximately 20,403 billion VND to 24,537 billion VND. This plan is part of the capital increase strategy approved by the 2023 SeABank and State Bank Annual General Meeting of Shareholders (AGM).

Specifically, SeABank issued 295,200,000 shares (equivalent to 14.5%) and 118,201,732 bonus shares (equivalent to 5.8%) to pay dividends in 2022. SeABank's charter capital will increase by more than 4,134 billion dongs, from nearly 20,403 billion dongs to 24,537 billion dongs, upon completion of the above share issuance.

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The increase in charter capital is a significant milestone in SeABank's plans and orientations, strengthening the Bank's financial capacity to achieve its objectives, which include implementing a digital convergence strategy and heavily investing in the public sector. technology, comprehensively digitizing operating processes in credit, payment, and customer service activities, diversifying products and services, bringing operational and transaction efficiency, enhancing customer experience, and meeting the needs of all customers more effectively.

Before this, SeABank held the 2023 Annual General Meeting of Shareholders, which resulted in the approval of numerous significant contents. Offering private shares to foreign investors, SeABank expects to increase its charter capital to a maximum of VND 25,903 billion through the issuance of shares to pay dividends and bonus shares at a rate of nearly 20,3%. with a rate over 4.6% and shares issued under the employee option program (ESOP).

Hanh Nguyen

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