Press Release

6-2, NIHONBASHI 3-CHOME, CHUO-KU, TOKYO 103-0027

JAPAN

Note: This English translation is for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.

We assume no responsibility for this translation or for direct, indirect or any other form of damage arising from the translation.

(TSE, NSE: 8616)

July 26, 2018

Share Acquisition of Bao Viet Securities, Vietnam

We are pleased to announce that we, Tokai Tokyo Financial Holdings, Inc., acquired shares of Bao Viet Securities Joint Stock Company, Vietnam (hereinafter "BVSC"), one of the first and leading securities houses established in Vietnam.

BVSC is our business partner and Mr. Nhu Dinh Hoa, Chief Executive Officer is its representative. On September 18, 2017, we formed a business alliance with BVSC. It was designed to enhance competence bilaterally for both clients in collecting information and intelligence, developing products, etc. under the strategic partnership.

1. About share acquisition

Acquired 2,000,000 shares through the secondary market on July 26, 2018, equivalent to about 2.77% of outstanding shares, approximately VND 40,000 million (or JPY 200 million*).

*JPY 0.005 per VND1

  • 2. The outline of the business alliance agreed on September 18, 2017

    • 1) Collaboration in merger & acquisitions and IPOs,

    • 2) Product development for financial instruments,

    • 3) Exchange of research reports for individual stocks, economy, etc.,

    • 4) Exchange of trainees and liaisons,

    • 5) Providing investment seminar presenters for the other party's clients and arrangements of corporate access for the other party's client investors.

  • 3. Company profile of BVSC

Company Name:

Bao Viet Securities Joint Stock Company

Headquarters:

Hanoi, Vietnam

Representative:

Mr. Nhu Dinh Hoa, Chief Executive Officer

Incorporation:

1999

Total Assets:

VND 2,102,929 Million (or JPY 10,515 Million*) (as of the end of December 2017)

Exchange:

Hanoi Stock Exchange (Since 2006)

Number of Employees:

412 (as of the end of December 2017)

(end)

*JPY 0.005 per VND1

Contact: +81-(0)3-3517-8618, Corporate Communications, Tokai Tokyo Financial Holdings, Inc.

Attachments

  • Original document
  • Permalink

Disclaimer

Tokai Tokyo Financial Holdings Inc. published this content on 26 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 July 2018 08:15:01 UTC