Accordingly, LPBank will hold an extraordinary General Meeting of Shareholders (GMS) on November 15, instead of September 22 as previously announced, which is delayed by nearly 2 months. The reason is to complete the documents to submit to the meeting.

In a previous announcement, the bank said the venue would be at its headquarters at 210 Tran Quang Khai, Hoan Kiem, Hanoi. The last registration date to exercise the right to attend the extraordinary shareholders' meeting is July 1.

It is expected that LPBank's Board of Directors will submit to the General Meeting for approval to elect additional members of the Board of Directors to promptly comply with the Law on Credit Institutions and increase charter capital in 2024 through the form of issuing shares to existing shareholders by paying dividends at a rate of 16.8%.

The bank also plans to present to shareholders a plan to invest up to 5% of FPT Corporation's charter capital. With the current market price of FPT shares, it is estimated that LPBank will have to spend nearly VND10,000 billion if this transaction is successful.

Regarding business performance, at the end of the first two quarters of the year, LPBank achieved pre-tax profit of VND5,919 billion, up 142% over the same period. Compared to the annual profit plan of VND10,500 billion, the bank has completed more than 56% of the plan.

LPBank suddenly wants to become a major shareholder of FPT, the deal is expected to be worth nearly 10,000 billion . Loc Phat Vietnam Joint Stock Commercial Bank (LPBank) has just supplemented the documents for the extraordinary shareholders' meeting, with important content to submit to shareholders for approval of the capital contribution and share purchase plan of FPT.