International Commercial Bank (VIB) has announced changes in major shareholders holding over 1% of charter capital. Pyn Elite Fund is now a shareholder holding 1.935% with over 57.65 million VIB shares. Notably, Commonwealth Bank of Australia (CBA) has officially exited all its investments in VIB, marking the end of a 15-year relationship, during which it once held up to 20% equity. VIB also revealed it will hold its annual general meeting (AGM) on March 27, 2025, in Ho Chi Minh City, with a target profit before tax of 11.02 trillion VND, a 22% increase over 2024, and maintaining a bad debt ratio below 3%. At the AGM, the Board is expected to consider plans to raise capital, including issuing 417.07 million bonus shares for shareholders and 7.8 million for employees, which would raise the charter capital from 29.791 trillion VND to 34.040 trillion VND.
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