ANZ withdraws capital from SSI

The Australia and New Zealand Banking Group (ANZ) will completely withdraw capital from the Saigon Securities Incorporation (SSI) after seven year investment, announced SSI on September 29.

ANZ is the company’s largest shareholder with 61 million shares, equivalent to 17.51 percent.

ANZ is said to sell their shares to SSI chairman Nguyen Duy Hung and a group of other domestic investors.

The bank’s withdrawal from SSI is to focus on their development strategy targeting commercial bank sector in Vietnam.

ANZ spent US$88 million on purchase of SSI stocks in September 2007.  With the current price of VND29,200 per share, the share volume held by ANZ has a total value of about US$84.5 million.

Besides the bank, other foreign shareholders of SSI including Daiwa Securities and Dragon Capital have held 10 percent of SSI shares each.

Before the withdrawal, foreign investors possess a maximum of 49 percent of SSI shares.

By Hanh Nhung – Translated by Hai Mien

Other news

Most view


VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


185 leading domestic & in't enterprises join in VN ETE 2018

The Vietnam Exhibition of Electrical Technology and Equipment (Vietnam ETE 2018) and the Exhibition of Products, Technologies for Energy Saving and Green Power (ENERTEC EXPO 2018) yesterday kicked off in HCMC’s Saigon Exhibition Convention Center in district 7.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.