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Japanese firm to buy 2.1 million FTS shares

The Saigon Times

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HCMC – Japan’s SBI Financial Services Co., a company related to Ueno Taro, who is a board member at FPT Securities JSC, has registered to buy 2.1 million FTS shares.

The transaction will be conducted from September 29 to October 27, the local media reported.

After the purchase, the Japanese firm will raise its ownership in FPT Securities, which trades its FTS shares on the Hochiminh Stock Exchange, to 22.51%, or 43.9 million shares.

Each FTS share is priced at VND31,000, so SBI will spend some VND65.1 billion on the purchase.

SBI, the largest shareholder of FTS, had bought some 1.2 million FTS shares between June 28 and July 12.

In the first half of the year, FPT Securities JSC reported over VND578 billion in revenue, inching down 2% year-on-year, and VND365.5 billion in pre-tax profit, a year-on-year decrease of 15%.

Closing the trading session today, September 27, FTS gained over 0.3%.

On the HCMC exchange, the VN-Index lost 7.81 points, or 0.67%, from the session earlier, at 1,166.54, with 181 advancers and 261 decliners. More than 466 million shares worth VND10.6 trillion changed hands, down nearly 37% in both volume and value against the previous session.

The large-cap group became the major drag of the main index, with real estate firm VHM dipping by 3.2%. Other largecaps such as dairy firm VNM, petroleum companies PLX and GAS, property firm VIC and lender VCB underperformed.

Farming stock HAG fell into negative territory, but took the lead by liquidity on bourse with 22.1 million shares transacted.

The HNX-Index of the Hanoi Stock Exchange slid 0.16 points, or 0.06%, from the day earlier, at 255.52 points, due to large-cap stocks.

Securities firm SHS was the most actively traded stock on bourse with a matching volume of 5.6 million shares, but finished the day down.

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