Several large investment funds sign agreements to subscribe to SHB's private placement shares.

On April 9 in Hanoi, Saigon-Hanoi Bank (SHB) held a signing ceremony for its private placement subscription agreement, with participation from numerous domestic and international investment funds. The event marked a key step in SHB’s capital raising and expansion plans.

SHB CEO Ngo Thu Ha said that attracting major investors confirms SHB’s prestige and standing in the financial market. She added that participation from professional investors in both domestic and foreign markets will help accelerate SHB’s development by strengthening its capital base and meeting international risk governance standards. According to the CEO, the cooperation is not only the start of a successful transaction but also a milestone for a long-term journey in which SHB and its partners grow sustainably together.

Private placement size and regulatory status

Under the plan, SHB intends to privately issue 200 million shares to professional investors, representing about 4.35% of the total shares before the issuance. The State Securities Commission has issued a letter acknowledging receipt of SHB’s application to offer the bank’s private shares.

Registered professional investors and subscription volumes

The list of professional investors includes funds linked to Dragon Capital with a combined subscription of 34 million shares, including Vietnam Enterprise Investments Limited, Samsung Vietnam Securities Master Investment Trust (Equity), and Hanoi Investments Holdings Limited.

A Korea Investment Management (KIM) group registered to buy nearly 13 million shares through KIM Vietnam Growth Equity Fund, TMAM Vietnam Equity Mother Fund, KITMC Worldwide Vietnam RSP Balanced Fund, and KITMC Worldwide China Vietnam Fund.

Hanwha Life Vietnam and VinaCapital registered to buy 12.5 million and 10.55 million shares, respectively.

Other institutional investors participating include PVI Asset Management with 62.5 million shares and the PVI Infrastructure Investment Fund with 25 million shares. FPT Capital registered to buy 29.96 million shares, while the HPP (Hai Phong) Investment Fund registered 12.5 million shares.

Deal structure and role of underwriter

SHS (Saigon Hanoi Securities) serves as the exclusive underwriter for SHB’s private placement, connecting with a broad range of professional investors domestically and internationally.

Capital-raising plan and expected impact

Private placement to professional investors is one component of SHB’s broader capital-raising plan totaling VND 53,442 billion. The plan includes the issuance of 750 million shares through private placement, rights offerings to existing shareholders, and employee stock ownership plans (ESOPs).

After completion, SHB expects to add more than VND 10,000 billion in capital, including capital surplus, positioning the bank among the TOP 4 private banks in Vietnam.