First merger of securities companies announced in Vietnam

The State Securities Commission of Vietnam has recently accepted merger decision of MB Securities Joint Stock Company (MBS) and VIT Securities Company (VIT).

Accordingly, the new securities company will still keep the name MBS Company with a charter capital of VND621.24 billion and do business in five fields, namely brokerage, proprietary trading, securities underwriting, consultancy, and securities depository.

This is the first time that two securities companies have merged in the Vietnam stock market, triggering restructuring of securities companies by M&A method.

By Nhung Nguyen – Translated by Thuy Doan

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