The bank and the investment fund management firm would have a chartered capital of VND150 billion (US$9.3 million) and VND36.3 billion ($2.25 million) respectively, the Ho Chi Minh City Securities Trading Center said in a statement.
FPT, whose full name is the Corporation for Financing and Promoting Technology, specialises in software development and outsourcing. It also runs retail chains for mobile handsets and computers.
The company, which has a market capitalisation of nearly $2 billion, has projected profit and sale growth at 40-50% in 2007 and 2008, thanks to new lines of business. They range from telephone services to cable television and education services.
On Wednesday, FPT shares closed up 0.8% at VND525,000 ($32.6) a share, but were still 21% lower than their year-high price of VND665,000.
Source: Thanh Nien
Thursday, April 12, 2007
FPT wants to establish a bank
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