navigate_nextInvestor Relationsnavigate_nextCorporate Disclosurenavigate_nextDecision on Increase in Paid-in Capital
Decision on Increase in Paid-in Capital
June 26, 2024 | Unofficial Translation
Date of Decision | June 13, 2024 |
Capital Before Changes | LAK 460,000,000,000 |
Capital After Changes | LAK 500,000,000,000 |
Changes of Capital | LAK 40,000,000,000 |
Type of Relevant Stock | Ordinary Shares |
Number of Stock Before Changes | 46,000,000 shares |
Number of Stock After Changes | 50,000,000 shares |
Changes of Stock | 4,000,000 shares |
Description | The increase in the registered capital of LAK 40 billion of ACLEDA Bank Lao Ltd. (ABL) in 2024 in order to meet regulatory requirement per Law on Commercial Bank issued by the Bank of the Lao PDR (BOL) that the minimum registered capital requirements shall be raised to LAK 500 billion within 5 years. The ABL increased its registered capital by LAK 40 billion from LAK 460 billion to LAK 500 billion in 2024. |
Reason | Pursuant to the Lao PDR's Article 106(Amended) of LAW No. 56/NA, dated December 7, 2018 ON COMMERCIAL BANKS and being continuous of regulations issued by the authorities of the Lao PDR. |
attachment FILE DOWNLOAD
Notification on increasing registered capital of ACLEDA Bank Lao Ltd.
Notification on increasing registered capital of ACLEDA Bank Lao Ltd.