On November 7, Vietcap’s Extraordinary General Assembly approved a plan to issue 127.5 million private shares and to establish a subsidiary in Singapore with an investment of USD 29 million. The issuance aim is to raise 2,298 billion VND for margin lending and proprietary trading activities. Vietcap expects a pre-tax profit in 2025 to exceed its original target by 10-20%. The new subsidiary, Vietcap Singapore Pte. Ltd., aims to serve international clients and undertake investment projects. The Assembly also approved revisions to the company’s charter, lowering the resolution approval threshold from 65% to 50%. Vietcap experienced significant management changes with CEO To Hai resigning, and Tôn Minh Phương appointed as his successor. Regarding plans to enter the digital asset sector, Vietcap decided to withdraw from the digital asset exchange project due to high capital requirements deemed unfeasible for the company’s current scale.
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