On May 16, 2024 the State Bank of Vietnam (SBV) issued Document No. 4068/NHNN-TTGSNH approving of the request of Lien Viet Post Joint Stock Commercial Bank (LPBank) to increase its charter capital.
Accordingly, the SBV has approved of LPBank's request to increase its charter capital by the maximum amount of VND 8,000,000,000,000 (eight trillion Vietnamese Dongs) by issuing additional shares to the existing shareholders in line with the plan of recapitalization adopted by LPBank General Shareholders’ Meeting in the Resolution dated April 17, 2023, and approved by LPBank’s Board of Directors in Resolution No. 1148/2024/NQ-HĐQT dated April 23, 2024.
LPBank is requested to implement the charter capital increase in line with the applicable laws. Within a maximum of 10 working days from the completion date of the issuance of the new shares in accordance with the laws, LPBank shall implement the procedures for amending and supplementing its License as stated in Paragraph 4 of Article 11 and Paragraph 2 of Article 2 of Circular No. 50/2018/TT-NHNN.
This Document is valid within 12 months from the date of its signing.
Le Hang