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Vietnam's Sacombank board seeks to switch listing to smaller exchange

Reuters

HANOI (Reuters) - Board members of Vietnam's Sacombank <STB.HM> are seeking shareholder approval to switch the bank's listing to the Hanoi Stock Exchange <.HNXI> from the Ho Chi Minh Stock Exchange <.VNI>, a bank resolution on Tuesday showed.

Sacombank, or Saigon Thuong Tin Commercial Joint Stock Bank, is among Vietnam's biggest private-listed banks. It would be delisted from the Ho Chi Minh Stock Exchange, the country's main bourse, if shareholders approve the resolution.

The bank, which has had a new chairman since June, did not give a reason or a time frame for the move.

(Reporting by Mai Nguyen)