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Banking & Finance

Agribank Gold to go public

Released at: 16:00, 16/02/2017

Agribank Gold to go public

Photo: ajc.com.vn

Company to finalize procedures for listing shortly.

by Hai Van

The Agribank Gold Corporation (AJC) will finalize its list of shareholders at 4.30 pm on February 28 then carry out depository registration procedures for its securities and update shareholder information.

Its shares will be suspended from 4.30 pm on February 28 until they are traded on the Unlisted Public Companies Market (UPCoM).

Shareholders wanting to sell shares or make changes to their shareholder information need to bring ID or a business registration certificate and a certificate of share ownership to AJC before 4.30 pm on February 28.

AJC has charter capital of VND206 billion ($9.05 million). The company was founded in 1994 and equitized in September 2008, with an auction of shares at IPO.

The price of each share at auction was VND11,626 ($0.5) and two organizations and 70 individuals were involved.

The total value of shares sold was VND44.17 billion ($1.96 million). AJC has two main shareholders: Seabank and the Nam Cuong Corporation.

Agribank’s other gold business is the Agribank Gold, Silver, and Gemstone Company (VJC).

There is the only one company operating in the gold business at present: Phu Nhuan Jewelry (PNJ).

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