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

Announcement about the new share and bond issue of Asia Commercial Bank.

    (Pursuant to the licence for securities issue No.226/UBCK-GCN granted by the State Securities Commission on November 23, 2007)
    1. Name of issuer: Asia Commercial Bank.
       Head office: 442 Nguyen Thi Minh Khai, district 3, Ho Chi Minh City.
       Tel: +84 8 930 2429       Fax: +84 8 839 9885.
    2. Adviser for the issue: ACB Securities Company Ltd.
       Head office: 9 Le Ngo Cat, ward 7, district 3, Ho Chi Minh City.
       Tel: +84 8 933 0436       Fax: +84 8 930 2423.
    3. Information on the securities to be issued:
    a. Issuing additional shares:
     - Name of shares: Shares of Asia Commercial Bank.
     - Code of shares: ACB.
     - Type of shares: Common shares.
     - Face value: 10,000 dong.
     - Beginning price: 170,000 dong per shares.
     - Volume to be issued: 9,995,344 shares.
      + 2,998,603 shares will be offered to foreign investors through private placement. The unsold shares will be put up to auction.
       + 6,996,741 shares will be offered to domestic investors through private placement. The unsold shares will be put up to auction.
    b. Issuing convertible bonds:
     - Name of bonds: Bonds of Asia Commercial Bank.
     - Type of bonds: Convertible bonds.
     - Face value: 1,000,000 dong.
     - Price offered: 1,000,000 dong per bond.
     - Volume to be issued: 1,350,000 bonds.
     - Term of bonds: 5 years.
     - Interest: 8 percent per year. Interest will be paid annually.
     - The bonds will be offered to the existing shareholders.
       Distribution ratio: 1,350,000 bonds / 263,005,996 shares = 0.5133. The shareholders owning 1,000 shares can buy 5,133 convertible bonds.
    4. Estimated capital to be raised: 3,049,208,480,000 dong.
    5. Purposes of the issue: For purchasing fixed assets; Contributing capital; Providing long-term loans; Supplementing the owner's equity if necessary.
    6. Time for registration for:
     - Share purchase: To be negotiated with each investor.
     - Bond purchase: Asia Commercial Bank will announce the record date after the share issue is completed.
    7. Places of prospectus delivery:
     - Asia Commercial Bank
       442 Nguyen Thi Minh Khai, district 3, Ho Chi Minh City.
       Tel: +84 8 930 2429       Fax: +84 8 839 9885
       Web site: www.acb.com.vn
     - ACB Securities Company Ltd.
       Head office: 9 Le Ngo Cat, ward 7, district 3, Ho Chi Minh City.
       Tel: +84 8 933 0436       Fax: +84 8 930 2423
       Web site: www.acbs.com.vn
    8. Escrow bank account for settlement:
     - Account name: Asia Commercial Bank.
     - Account No.: 4531.00.809, opened at the State Bank of Vietnam - Ho Chi Minh City branch.


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