Sai Gon Ha Noi Commercial Joint Stock Bank has stated that Thailand-based Bank of Ayudhya Public Company Limited (SET: BAY) will acquire the remaining 50% stake in its finance unit, SHB Finance, ahead of schedule, according to the report by Reuters.
In 2023, the first 50% of SHB Finance was sold to Bank of Ayudhya, with the completed transfer expected to bring a capital surplus to SHB shareholders and bolster the bank’s financial capacity.
