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vpbank shareholders increase ownership under new credit institutions law
VPBank has disclosed that 13 individuals own over 40.8% of its shares, with Chairman Ngo Chi Dung holding 4.14%. The new Credit Institutions Act, effective July 1, expands the definition of "related persons," resulting in Mr. Dung and associates controlling nearly 34% of the bank's capital. Additionally, significant stakes are held by institutional shareholders, including Sumitomo Mitsui with over 15%.
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