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The information was released by F88 Investment Joint Stock Company (F88) with the assessment that this is a long step closer to the goal of listing on the stock exchange, opening a new chapter in the process of sustainable development with higher and more transparent governance standards.
According to current regulations, the registration period for trading on the UPCoM exchange for unlisted securities is 30 days from the date the State Securities Commission confirms the completion of public company registration.
Accordingly, with this approval, F88 is eligible to register to trade shares on the UPCoM exchange and become the first company operating in the field of "alternative finance" specializing in providing financial services to ordinary customers to be listed on the Vietnamese stock exchange.
Alternative finance is financial channels and instruments that develop outside the traditional financial system such as banks and financial companies.
Mr. Phung Anh Tuan, founder and Chairman of the Board of Directors of F88, said that becoming a public company is part of the company's development roadmap, aiming to standardize 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.
F88 representative said that this is also 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 is expected to be welcomed by investors in the stock market.
According to F88, 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 financial services for 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, together with 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, specific solution groups for each business segment have been established, based on a strategic vision and focusing on factors that create sustainable development for this company.
The company is also focusing on applying technology to digitize processes, making services faster and more transparent, ensuring the ability to serve millions of transactions smoothly and safely. In 2025, the company aims to increase revenue by about 30% and increase the total number of customers served by over 30%.
Source: https://thoibaonganhang.vn/f88-tro-thanh-cong-ty-dai-chung-tien-de-cho-ke-hoach-len-san-chung-khoan-163782.html
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