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Southeast Asia Joint Stock Commercial Bank purchases Post and Telecommunication Finance Company

The Post and Telecommunication Finance Company which has lost for many years was auctioned with a starting price of VND500 billion (roughly US$22 million) by VNPT on February 1.

VNPT to sell 71.5 million Maritime Bank shares at US$0.52 each

Vietnam Posts and Telecommunications Group (VNPT) has registered to auction more than 71.5 million shares of Maritime Commercial Joint Stock Bank (Maritime Bank) in a single-batch sale on Hanoi Stock Exchange (HNX) by January 18, 2018.

TNG Holdings rushes to sell off assets

Over the past year, firms related to TNG Holdings have sold many assets worth more than US$100 million.

Korean firm acquires TNR Tower in HCMC

Korean business media have confirmed that Korea-based Hanwha Life Insurance Co.(Hanwha) is providing funds for Seoul-based Koramco Asset Management Co. (Koramco) to acquire TNR Tower Nguyen Cong Tru for a selling price of US$62 million.

The Korean corporation spends US$33 million to acquire 100% stake of Maritime Securities

KB Securities, a subsidiary of KB Financial Group, has signed a contract to acquire 100% stake of Maritime Securities Incorporation (MSI) with the value of approximately US$33 million.

Maritime Bank sold its entire stakes acquired in Military Bank

Thanks to this deal, Maritime Bank reported a hefty profit in the second quarter of 2017.