Eximbank shares continue to be collected?

In the session of October 14, more than 100 million Eximbank shares were sold by investors.

Early on October 14, the market received rumors that the Supervisory Board of Vietnam Export Import Commercial Joint Stock Bank (Eximbank - stock code EIB) sent a written request and reflection to the authorities about this bank's unsafe lending.

Immediately, many investors felt uneasy and sold Eximbank stock heavily, causing the price of this bank's stock to drop from VND19,150 to VND17,850 (-5.8%) in the morning session, causing many other bank stocks to fall in price.

Entering the afternoon session, although the price decrease somewhat slowed down, sellers continued to not hold Eximbank shares, while buyers rushed to buy stocks.

At the end of the session, Eximbank shares decreased by VND850/share (-4.45%), with a buy surplus of 219,700 shares and a sell surplus of 25,500 shares; the matched trading volume reached over 42.67 million shares, equivalent to a value of VND778 billion; the negotiated trading volume reached 57 million shares, equivalent to a value of VND1,049 billion.

Thus, in the session of October 14, large investors had to spend a total of VND 1,827 billion to collect over 100 million Eximbank shares. From there, small investors speculated that in the next trading session (October 15), the "big brothers" of the securities market would not stop collecting Eximbank shares.

Referring to the above information, an Eximbank leader said that the bank had checked and did not receive any petitions or complaints related to lending activities from the Eximbank Supervisory Board.

Meanwhile, the information that investors are very interested in is that this bank plans to move its current headquarters to another location in the near future.

Specifically, Eximbank will hold the 2024 Extraordinary General Meeting of Shareholders on November 28 in Hanoi but has not announced the specific location. The new location chosen as the new headquarters has not been announced by Eximbank.

However, according to regulations, 21 days before the extraordinary shareholders' meeting, Eximbank must announce the address, reason, impact... of moving the head office to a new location so that shareholders know and can vote to approve or not.

The changes at Eximbank arose after a new shareholder - Gelex Group Corporation (a company headquartered in Hanoi) became a major shareholder of the bank - with a 10% stake.

In addition, some members of Eximbank's Board of Directors were leaders of businesses located in the Northern region.

Previously, at the annual general meeting of shareholders in April 2024, Eximbank submitted a proposal to move its headquarters from the 8th floor of Vincom Center building, 72 Le Thanh Ton, Ben Nghe ward, District 1, Ho Chi Minh City to the Office building (Fideco Center) at 28 Phung Khac Khoan, Da Kao ward, District 1. However, this proposal was not approved by the general meeting of shareholders.

Source: https://nld.com.vn/chung-khoan-ngay-mai-15-10-co-phieu-eximbank-tiep-tuc-bi-thu-gom-196241014170832757.htm