Thaiholdings has registered to purchase 20 million shares, equal to a 1.86 % stake, of personal lender LienVietPostBank on the inventory market.
The transaction shall be accomplished between June 29 and July 28.
With the LPB share buying and selling at round VND30,000 ($1.30), it’s estimated the deal will price Thaiholdings VND600 billion.
The corporate was based by Nguyen Duc Thuy, now the vice chairman of LienVietPostBank, and he owns a 20 % stake in it.
He beforehand registered to purchase 32.5 million LPB shares. The transaction began early June and can finish in early July.