FPT Securities to remove foreign-ownership limitations

FPT Securities Joint Stock Company (FPTS) has obtained approval from the State Securities Commission to lift its foreign ownership limit.

FPTS is a member of the information-technology-telecommunication group FPT Corporation, the largest ICT conglomerate in Viet Nam. FPT Corporation holds 20 per cent of the capital in FPTS.

At the moment, Tokyo-based SBI Financial Services Co Ltd is the only foreign investors in FPTS, owning 20 per cent of the brokerage firm’s capital.

FPTS’ 90.3 million shares were traded on the HCM Stock Exchange on January 13 with the code FTS at the starting price of VND18,000 (80 US cents), but the price has fallen 28 per cent this year.

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