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South Korean brokerages on the way to dominate the market - Economy - Vietnam News | Politics, Business, Economy, Society, Life, Sports


Update:
December, 23/2020 - 07:28
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A trading room at KIS Việt Nam Securities Co. VNA/VNS Photo Trần Việt
HÀ NỘI After recent merger and acquisition (M&A) deals, South Korea-owned securities firms are expanding their influence on the Vietnamese stock market.
On September 17, Asam Asset Management completed acquiring 65 per cent of capital at SJC Securities for VNĐ6,000 per share.
The South Korean firm was estimated to have spent VNĐ80 billion on the share purchase, which then helped it hold 80 per cent of capital at the local firm.
After the deal, the number of South Korea-invested securities firms in Việt Nam reached eight – half of all active foreign brokerages in Việt Nam. ....

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