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(From Asia Pulse)
HANOI, Nov 7 Asia Pulse - The Sai Gon Thuong Tin Commercial Bank (Sacombank) announced its intentions to issue shares on the local stock exchange, and has submitted its proposal for official approval from the State Securities Commission (SSC).
The shares are already highly coveted among investors because of forecasts that popular demand will drive prices even higher once they are officially offered. Sacombank certificates are already trading at three times their face value on the unofficial market.
Meanwhile, market prices for over-the-counter (OTC) shares from other banks are also soaring. Export and Import Commercial Bank shares …