AEON Financial cancels contract to buy finance company from SeABank, demands payment of 4,300 billion VND

SEABANK - Ảnh 1. — AEON Financial requested SeABank to refund the costs incurred in signing the share transfer agreement and compensate for damages - Photo: SSB

Specifically, on June 6, AEON Financial Service Co., Ltd. announced that the contract to transfer shares of PTF Finance Company from SeABank was "invalid".

The reason this Japanese company discovered was that the accounting information published before signing the share transfer contract had significant deviations from reality.

According to previously announced information, the deal between SeABank and AEON Financial with the contract to transfer 100% of shares of PTF Finance Company is worth 4,300 billion VND.

In the announcement, Mr. Tomoharu Fukayama, President and CEO of AEON Financial Service, also said that he had officially sent a document to SeABank regarding this issue.

Confirming with Tuoi Tre Online , a representative of SeABank (SSB) said that they had just received an email notification from AEON Financial Service Co., Ltd. (AEON Financial) regarding the contract to transfer the Post Office Finance Company Limited (PTF) to AEON Financial.

"This is the first time SeABank has received information from AEON Financial. SeABank is currently contacting AEON Financial to clarify the information," said a SeABank representative.

Previously, in October 2023, AEON announced that it had signed an agreement to acquire all shares in PTF from SeABank. The transaction was completed on February 3, 2025, thereby officially making PTF a consolidated subsidiary of AEON Financial Service.

However, AEON Financial said that during the implementation of PMI (Post-Merger Integration) - a post-merger business integration process that includes aspects such as governance, operations, systems and organizational culture - the company discovered accounting irregularities.

The company immediately launched an internal investigation with legal assistance from local attorneys.

AEON Financial Service also requested SeABank to conduct a comprehensive investigation and clarify the nature of the accounting violations; Fully cooperate with competent authorities; Carry out legal procedures in Vietnam to declare the share transfer contract invalid; Refund the costs incurred by AEON in connection with the contract signing process; Compensate for damages arising from the incident; Prosecute legal liability for SeABank, its directors and other related parties.

Despite facing this serious incident, AEON Financial Service reaffirms its long-term commitment to the Vietnamese market, and continues to pursue the goal of improving people's quality of life through practical financial business activities.

BINH KHANH

Source: https://tuoitre.vn/aeon-financial-huy-hop-dong-mua-cong-ty-tai-chinh-tu-seabank-doi-tra-4-300-ti-dong-20250606190434387.htm