Military Bank (MBBank) intends to sell this block of shares within one month, starting from 3/9. If successful, the transaction will reduce the bank's ownership in MBS to approximately 66%, equivalent to 377.3 million shares.

MBBank's divestment comes shortly after MBS finalized its list of shareholders for a 12% cash dividend payment, with each share receiving 1,200 dong. The bank is estimated to receive about 520 billion dong from this dividend payout.

MBS shares are currently trading around 41,000 dong, down about 10% from their mid-month peak of nearly 46,000 dong. However, the stock is up about 44% since the beginning of the year, and its market capitalization at one point exceeded 1 billion USD. At the current market price, the divestment could bring the bank about 2,500 billion dong.

Due to a relatively concentrated shareholder structure, MBS's liquidity is much lower than other securities stocks. The average trading volume of MBS shares over the last 10 sessions reached about 9 million units, while some leading stocks like SSI, VND, VIX, and VCI reached tens of millions.

In an analysis report published late last month, experts from Yuanta Securities Vietnam suggested that with the surge in trading value on the stock market, MBBank would benefit from its large stake in MBS.

In the first half of this year, MBS ranked 7th in terms of stock brokerage market share on the TP HCM Stock Exchange. The company had total revenue of nearly 1,483 billion dong and a profit after tax of over 490 billion dong.

This year, MBS plans to issue a total of 94.5 million shares to increase its charter capital to 6,673 billion dong. Of this, the company plans to offer 68.7 million shares to existing shareholders at a price of 10,000 dong, only about 25% of the current market price.

Phuong Dong