PGB: Blocking the maximum foreign ownership ratio for PGB shares

On February 28, 2023, PB Bank received Official Letter No. 870/UBCK-QLCB dated February 27, 2023 from the State Securities Commission on the proposal to block the maximum ownership rate of foreign investors. of the Petrolimex Group Commercial Joint Stock Bank, whereby: PB Bank proposes to the State Securities Commission to block the maximum foreign ownership rate for shares of PG Bank at 2%, the blockade implementation time being from the date which Petrolimex is granted the Certificate of Registration for the Public Offering by the State Securities Commission to the date that Petrolimex receives a notice from the State Securities Commission of the receipt of the report on the results of the offering.