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Gia Phat securities company makes debut
The Gia Phat Securities Company, a subsidiary of the Gia Phat Finance and Investment Group was officially launched on March 13.
The same days signed cooperation agreements with Singapore-based UROMAX financial company, the Quang Trung branch of the Bank for Investment and Development of Viet Nam (BIDV), and the TigerInvest financial investment joint stock company.
Director of Gia Phat Securities (GPS) Nguyen Duc Thinh said: “Cooperation with these strategic partners will improve GPS’s competitiveness, especially in the context of the current unstable stock market”.
Under the agreement with UROMAX, the Singaporean company is committed to investing in GPS while also acting as an investment bridge between Vietnamese and Singaporean investors. It also pledged to help GPS develop its human resources.
Meanwhile, BIDV will provide investor-account management and other credit and investment services.
GPS and TigerInvest will exchange information and provide advisory services to the corporate merger and acquisition sector.
Also on Marche 13, the Gia Phat Group announced that it would, in cooperation with the Coteccons Building and Investment Company and the Quang Trong Company, invest in the construction of a 1 trillion VND (63 million USD) hotel complex in Ba Ria-Vung Tau.
Gia Phat Securities has a charter capital of 135 billion VND (8.5 million USD).
VNA
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