SBI to hook into FPTS shares

March 12, 2011 | 15:00

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The FPT Securities Joint Stock Company (FPTS) will sell 11 million shares, equal to 20 per cent of its total chartered capital, to its strategic partner SBI Securities.

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The decision came following FPTS’s successful annual shareholders’ meeting on March 10, 2011 in Hanoi which witnessed more than 40 shareholders, representing 77.95 per cent of total shares, giving the nod for the firm’s plan to sell a 20 per cent stake to Japan’s SBI Securities at a price of VND45,000 ($2.17) per share.

FPTS’s chairman and general director Nguyen Diep Tung said the firm raked in revenue of VND368.34 billion ($17.7 million) in 2010, 70.5 per cent more on-year, of which securities brokerage services brought in VND129.6 billion, up 10.3 per cent on-year.

Revenue from consulting services in 2010 climbed to VND187.7 billion, hiking 246.3 per cent compared to in 2009.

Also in 2010, FPTS reaped after-tax profits of VND188.5 billion, up 56.4 per cent against 2009 and reported an earnings-per-share (EPS) rate of VND4,413 against VND2,876 in 2009.

The firm posted over VND18 billion in profits in the first two months of 2011.

vir.com.vn

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