Mizuho Bank May Need to Buy 526 Million Shares to Raise Its Vietcombank Stake to 20%
Vietcombank and Mizuho Bank signed a new cooperation memorandum on November 9 as Mizuho pursues an additional investment. Based on the disclosed private placement plan and shareholding structure at the end of September, Mizuho would need to buy about 526.4 million shares, or 96.9% of the planned offering, to raise its stake to 20%. The actual number will depend on how the transactions proceed.
