Press release: KB Securities Vietnam complete the 1st phase of increasing chartered capital

15/12/2018 - 651 View
On December 14th, 2018, KB Securities Vietnam Joint Stock Company (KBSV) was officially issued the license of business registration with the new chartered capital of 1,107 billion VND by the State Securities Commission (SSC). Therefore, the equity of KBSV will increase to VND1,337 billion. The second offering is expected to be implemented in the first quarter of 2019, with an expected offering of 57,000,000 shares. After offering, the total chartered capital of KBSV is 1,680 billion VND, officially in the top 10 securities companies with the largest charter capital.

Before that, on October 31st, 2018, KBSV was approved by the SSC to offer shares to existing shareholders for the sake of raising chartered capital in accordance with Official Letter No. 7366/UBCK-QLKD. The offering plan is implemented in pursuant to the Resolution No. 228/2018/NQ -DHĐ dated 07/09/2018 by the General Meeting of Shareholders, Resolution No. 234/2018/NQ-HĐQTT dated 02/10/2018 by the Board of Directors of KB Securities Vietnam Jointstock Company and other relevant laws.

As a member of KB Financial Group (KBFG – Korea), KBSV is strongly supported in terms of resources, especially capital and huge customers network from the parent group. The company has made strong and steps in terms of scale and network. With the goal of reaching the top 3 best securities companies in Vietnam, KBSV will continue to expand business activities, develop a derivative trading system, improve the quality of service by improving the level of brokers, research analysts, investment banking..., invest on upgrading system; On the other hand, develop attractive products, such as low margin packages to meet and support the maximum demand of customers.

“KBSV believes that, in order to achieve sustainable development goal, the benefits of our customers are always our top priority. Because only when the customer is satisfied with the quality of service and commit in long term, enterprise can develop sustainably. With abundant capital, we are going to make great efforts and bring maximum benefits to our customers" – Mr Nguyen Duc Hoan – CEO of KBSV shared.