Military Commercial Joint Stock Bank announces stock dividend and rights offering

Military Commercial Joint Stock Bank (MB) will finalize its shareholder list on August 12, 2026, to implement two simultaneous capital increase plans: a 15% stock dividend and a rights offering.

Under the dividend plan, the bank will issue over 1.2 billion new shares, allowing shareholders to receive 15 new shares for every 100 shares owned. The funds for this issuance will be drawn from the bank's undistributed accumulated profits from 2025.

Additionally, MB will offer 805.5 million shares to existing shareholders at a ratio of 10:1. The offering price is set at 10,000 VND per share, which is 40% of the current market price of 24,000 VND. If fully distributed, the bank expects to raise approximately 8,055 billion VND to supplement business operations. Total charter capital is projected to increase from approximately 80,550 billion VND to over 100,687 billion VND upon completion of both issuances.