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BID [U-PF –13.7%] – A host of issues results in us taking pause on BIDV - Update

As curious as the events were leading up to the inclusion of BID in both major ETFs, for the record and working on the guidance of BIDV of full govt take-up in the rights issue, (delivery of rights issue shares will happen at the latest on 11/10/15) the free-float will be 4.72% (see Figure 1)(possibly lower given the non-govt portion is not underwritten).