Sumitomo Mitsui Financial Plans to Invest $1.53 Billion In Vietnamese Bank, Nikkei Reports
--Sumitomo Mitsui Financial Group Inc. plans to invest about 35.9 trillion Vietnamese dong ($1.53 billion) in Vietnam Prosperity JS Commercial Bank to take a 15% stake, Japanese business daily Nikkei reported Monday without citing sources.
--The banking unit of Sumitomo Mitsui plans to buy the new shares to be issued by the Vietnamese bank, the Nikkei report said.
Full story: https://s.nikkei.com/3ncn7vt
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
March 27, 2023 03:24 ET (07:24 GMT)
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