According to legal regulations, the deadline for registering trading on the UPCOM floor for unlisted securities is 30 days from the date the State Securities Commission confirms the completion of public company registration.
Thus, with this approval, F88 has qualified to register for stock trading on the UPCOM exchange, becoming the first company operating in the alternative finance sector specializing in providing financial services to ordinary customers to be listed on the Vietnamese stock exchange. Alternative finance is a financial channel and tool developed outside the traditional financial system such as banks and financial companies.
“Becoming a public company is an important milestone in the company's development roadmap, moving towards registering for trading on the UPCOM exchange in the near future. This affirms F88's efforts in information transparency and standardizing corporate governance according to international standards. This is also a solid foundation for F88 to realize its plan to list on the Ho Chi Minh City Stock Exchange (HoSE) in the future, bringing sustainable value to ordinary customers and shareholders", Mr. Phung Anh Tuan, founder and Chairman of the Board of Directors of F88 shared.
The above milestone not only reflects the company's own efforts but also is an acknowledgement of the development of the alternative financial market in Vietnam, when a business model like F88 has passed the strict standards of the State Securities Commission and will be welcomed by investors in the stock market.
With the support of foreign shareholders, which are large investment funds such as Mekong Capital, Vietnam Oman Investment (a joint venture investment fund between two organizations under the governments of Oman and Vietnam, the Sultanate of Oman Investment Commission and the State Capital Investment Corporation) and Granite Oak, F88 has developed and expanded to nearly 900 stores nationwide after 12 years of operation. The company's core business focuses on providing comprehensive financial services including loans, insurance and banking services to customers who have difficulty accessing traditional financial services.
The company's first quarter 2025 financial report recorded that the company disbursed VND3,284 billion, an increase of 25% over the same period. The company's revenue in the first three months of the year and pre-tax profit increased by 21.5% and 204.1% respectively over the same period last year.
In the future, F88 aims to become a leading corporation in the field of affordable finance, contributing to changing people's approach to finance, helping all Vietnamese people have the opportunity to access legal and transparent financial services to have a better life.
“To do that, the company needs to attract more capital from investors and financial institutions by applying higher governance, business and financial standards. Becoming a public company and listing on the stock exchange is the driving force for us to do that,” Mr. Tuan affirmed.
Currently, in addition to long-term partners, F88 is working with a number of other domestic and international lending partners to diversify its capital sources in 2025. In addition to the business plan, solution groups for each business segment have been specifically established, based on the strategic vision and focusing on factors that create sustainable development for the Company. A representative of F88 said that in the coming time, the company will focus on applying technology to digitize processes, making services faster and more transparent, ensuring the ability to serve millions of transactions smoothly and safely. This year, the company aims to increase revenue by over 40%, and increase the total number of customers served by over 30%.
Source: https://doanhnghiepvn.vn/kinh-te/chung-khoan/doanh-nghiep-tai-chinh-12-nam-tuoi-sap-len-san-upcom/20250507092249214
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