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...In morning trade, Techcombank hit a low of 102,400 dong ($4.49), falling from its 128,000 dong reference price, according to Reuters data....
...Vincom Retail is a client of Techcombank....
...Last month Vietnam’s Techcombank launched an initial public offering aiming to raise as much as $922m....
...More initial public offerings are in the pipeline, including Vinhomes, the property arm of the conglomerate Vingroup, and Techcombank, one of the country’s largest banks....
...In March, it made Vietnam’s largest-ever private equity investment by taking a $370m stake in Technological and Commercial Joint Stock Bank (Techcombank) ahead of its listing on the stock exchange in Ho...
...More than 10 international banks have already acquired stakes in local lenders, including HSBC, which owns 20 per cent of Techcombank; Standard Chartered, which owns 15 per cent of Asia Commercial Bank;...
...Masan Group has a 64 per cent stake in the Nui Phao mine in northern Vietnam, one of the biggest tungsten deposits, and a 20 per cent stake in Techcombank, one of Vietnam’s most aggressive non-state-owned...
...Techcombank will use TOMS trade entry for position keeping and risk management across various asset classes....
...Masan owns a 20 per cent stake in Techcombank, one of the top three Vietnamese private banks, in which HSBC also has a strategic stake....
...The banks affected are Asia Commercial Bank (ACB), Bank for Investment and Development (BIDV), Techcombank (TCB) and Vietnam International Bank (VIB)....
...HSBC has become the first foreign bank in Vietnam to hold a 20% in a domestic bank as it increased its stake in Techcombank for a consideration of $77.1m....
...HSBC has become the first foreign bank in Vietnam to hold a 20 per cent stake in a domestic bank as it increased its stake in Techcombank for a consideration of $77.1m....
...HSBC owns 20 per cent of Techcombank, Vietnam’s seventh-largest lender by assets, and 10 per cent of Bao Viet Holdings, the country’s largest insurer....
...HSBC said it had agreed to buy another 10 per cent in Techcombank for $71.5m, taking it total shareholding to 20 per cent....
...HSBC already has an investment in Techcombank, the Vietnamese lender, which it raised to 15 per cent this year....
...However, taking a stake in Techcombank gives HSBC greater access to the Vietnamese market, which is gradually opening up its banking system to outsiders....
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