Maybank Kim Eng doubles charter capital

May 09, 2014 | 13:01

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Ho Chi Minh City-based Maybank Kim Eng Securities has doubled its charter capital from VND300 billion ($14.28 million) to VND615 billion ($29.28 million), the second time it has done so since starting operations in Vietnam in mid-2008.

Maybank Kim Eng announced its latest capital increase on May 6, just four months after it became the first fully-owned securities firm in Vietnam.

“This increase in charter capital will enable us to expand our primary brokerage business, while at the same time enhancing our underwriting service, all of which will help strengthen our competitive advantage in the years to come,” said Maybank Kim Eng CEO Nguyen Hoang Thien Truc.

He added that the company’s decision to double the charter capital was a demonstration of its commitment to the long-term development of its operations in Vietnam, as well as its firm belief in the potential of Vietnam’s securities market.

By By Tuong Thuy

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