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ACB: ASIA COMMERCIAL BANK Company Profile: Investing in Vietnam Stock Market

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ACB - Asia Commercial Bank to issue convertible bonds   2007-12-21 - HASTC

Pursuant to the document No.1425/TB-TTLK dated December 19, 2007 by the Securities Depository, the Hanoi Securities Trading Center announces the record date to finalise the shareholder list of Asia Commercial Bank <ACB.HN> as follows:

    1. Issuer: Asia Commercial Bank.
       442 Nguyen Thi Minh Khai, district 3, Ho Chi Minh City.
       Tel: +84 8 929 0999      Fax: +84 8 839 9885.
    2. Type of shares: Common shares.
    3. Code of shares: ACB.
    4. Face value: 10,000 dong.
    5. Record date: January 4, 2008.
    6. Ex-right date:
    - For transactions with payment term of T+3: January 2, 2008.
    - For transactions with payment term of T+2: January 3, 2008.
    (Note: For transactions with payment term of T+1 carried out on January 2 and 3, 2008, the buyers will still be entitled to the rights).
    7. Purpose: To issue convertible bonds.
    Face value: 1 million dong per bond.
    Term of bonds: 5 years.
    Interest rate: 8 percent per year.
    Estimated time of conversion: In the period from 2008 to 2012.
    Conversion ratio: 1:100. One bond (face value: 1 million dong) will be converted into 100 shares (face value: 10,000 dong).
    Method of distribution:
     - The bonds will be offered to the existing shareholders.
     - Price offered: 1 million dong per bond.
     - Right distribution ratio: 1 share - 1 call option.
     - Share distribution ratio: 1,000:5.133. The shareholders having 1,000 call options can buy 5.133 bonds. The bonds bought by each shareholder will be rounded down to units. The decimal fractions of bonds and the unsold bonds will be offered to the staff of the bank. The list of staff to be offered bonds will be decided by the ManagemenT Board.
     - The call options can be transferred once only, the transfer to a third party is not allowed.
     - Time for call option transfer: From January 17, 2008 to February 5, 2008.
     - Time for registration and settlement: From January 17, 2008 to February 13, 2008.
     - Places for registration:
       + For shareholders who have deposited shares: At the securities company where the shares have been deposited.
       + For shareholders who have not deposited shares: At Asia Commercial Bank.
         Head office: 442 Nguyen Thi Minh Khai, district 3, Ho Chi Minh City.
         Branch: 184-186 Ba Trieu, Hanoi.
         Branch: 30 Mac Dinh Chi, district 1, Ho Chi Minh City.
         Branch: 15 Hoang Dieu, Minh Khai ward, Hong Bang, Hai Phong.
         Branch: 16 Thai Phien, Hai Chau district, Da Nang city.
         Branch: 17-19 Nam Ky Khoi Nghia, Can tho City.
     - Escrow bank account for settlement:
       + Account name: Asia Commercial Bank.
       + Account No.: 4531.00.809.
       + Bank: State Bank of Vietnam - Ho Chi Minh City branch.
    The Securities Depository will temporarily suspend the deposit activities for ACB shares on January 3, 4 and 7, 2008.


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ACB - Asia Commercial Bank details new share, bond issue   2007-11-28


ACB - ASIA COMMERCIAL BANK