Tokai Tokyo Financial : Share Acquisition of Bao Viet Securities, Vietnam
July 26, 2018 at 04:16 am EDT
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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.
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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
Tokai Tokyo Financial Holdings Inc is a Japan-based company primarily engaged in investment and financial service business. The Company is engaged in the purchase and sale of securities, the brokerage of securities, the underwriting, sale, public offering and private offering of securities, as well as other financial product transaction businesses and financial product-related businesses. The Company is also engaged in the provision of financing and fund management services for clients in overseas markets, including Asian, American and European financial markets.