In the deal, FPT received VND932 billion (US$41 million) comprising the amount paid by Synnex and FPT Trading’s retained earnings.
Founded in 1975, Synnnex is now the world’s third largest distributor of technology, telecom products and electronic components with revenue hitting US$33 billion last year.
Stating at the ceremony, director general of Synnex Evans Tu said that the deal was the best way for the group to enter the attractive consumption market of Vietnam.
Being glad to become a strategic investor of FPT Trading, Synnnex will further boost performance results of the company, affirmed Mr. Evans Tu.
FPT’s board of directors has also passed a resolution to sell 5 percent chartered capital of FPT Trading to officials and staff who have made significant contributions to the development of the company.
FPT and Synnex leaders at the ceremony (Photo: SGGP)