Last Friday, HSBC informed the market that it has received approval from the State Bank of Vietnam to increase its stake in Vietnam Technological and Commercial Joint-Stock Bank Techcombank to 15% from 10% for a total consideration of VND539.4 billion $33.7 million.
ANZ, meanwhile, says it has bought a 10% stake in a leading Vietnam stock broker, Saigon Securities Inc. The deal announced yesterday will cost ANZ $88 million and give it a stake in a business which has a 30% share of Vietnam's stock broking market.
HSBC...
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