28.09.2020, 22:24

Techcombank CEO registered to buy nearly 440,000 TCB shares

Mr. Jens Lottner, CEO of Techcombank registered to buy 439,000 TCB shares by agreement method from October 1 to October 27. Estimated, Mr. Lottner will spend more than 10 billion to perform the above transaction.

Techcombank CEO registered to buy nearly 440,000 TCB shares

Illustration. (Source: Le Huy)

Vietnam Joint Stock Commercial Bank for Industry and Trade (Techcombank – Code: TCB) announced that Mr. Jens Lottner, CEO of Techcombank registered to buy 439,000 TCB shares, equivalent to 0.0125% of charter capital for personal investment purposes. . Currently, Mr. Lottner does not own any TCB shares.

The transaction is expected to be carried out by agreement method from October 1 to October 27.

Previously, the Board of Directors of Techcombank approved to increase the foreign ownership limit from 22.4951% to 22.5076% of charter capital.

According to Techcombank, the purpose of raising the limit is for foreign workers to buy 439,000 TCB shares through the transfer of outstanding shares in the market.

On the stock market, at the end of September 28, TCB’s share price was not 22,850 dong / share, up 25.9% compared to the end of July. It is estimated that at this price, Mr. Lottner will spend more than 10 billion for the above transaction.

TCB’s stock price movement recently. (Source: VNDirect).

Also related to TCB stock trading, Mr. Phan Thanh Son, Deputy General Director of Techcombank recently sold 300,000 shares to serve personal financial needs. Thereby, reducing the number of shares held to more than 2 million units.

Regarding the business situation of Techcombank, accumulated in the first 6 months of the year, consolidated profit before tax reached VND 6,738 billion, an increase of 19% compared to the same period in 2019 and fulfilled nearly 52% of the plan.

As of June 30, total bank assets reached nearly VND 395,861 billion, an increase of 3.2% compared to the end of last year. In which, customer loans only increased by 0.4% to 231,666 billion dong. Customer deposits increased by 8% to 249,857 billion dong. The ratio of NPLs to total outstanding loans decreased from 1.33% at the end of 2019 to 0.91%.

Source: vietnambiz.vn – Translated by fintel.vn