CII: Board approves the establishment of a Fintech company

Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) announces information on the development of new financial products on the basis of securitization of BOT cash flow:

1)      CII has been reached agreements in principle with big banks of Vietnam regarding the implementation of securitization of cash flow of a BOT project with the total value of VND4,475 billion.

2)      The Board of Directors of Ho Chi Minh City Infrastructure Investment Joint Stock Company approved the policy on establishing a Fintech company to implement the securitization project.

3)      CII has cooperated with Technology Solutions Co. Ltd. (KMS) to build software for the securitization project of BOT cash flow. Until present, the two parties completed 80% works for design, creating a foundation for writing software in the next phase.

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