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GIC Signs MOU To Buy 7.73% Stake In Vietnam's Largest Bank

by straitstimes.com posted 2years ago 1842 views
Singapore's sovereign wealth fund GIC on Monday signed an memorandum of understanding with the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) - Vietnam's largest bank by market capitalisation - to acquire a 7.73 per cent stake in the latter on a fully enlarged basis.