Loc Phat Vietnam Commercial Joint Stock Bank ( LPBank - Stock code: LPB) has just announced additional information on the content of the extraordinary general meeting of shareholders, scheduled to take place on September 22.
The bank said that in addition to its core banking business, it wants to invest in listed stocks to help diversify investment channels and optimize shareholders' capital contributions.
Through assessment, LPBank's Board of Directors found that FPT Corporation shares (Stock code: FPT ) have the potential to bring attractive profit margins.
FPT shares are highly appreciated by LPBank leaders (Photo: FireAnt).
LPBank assesses FPT as a leading technology company in Vietnam, with a sustainable business foundation and high growth rate maintained over a long period of time. The company is increasingly moving up the technology value chain by focusing on AI, Cloud, Big Data and specialized fields with great development potential.
Along with that, FPT stock is one of the few stocks that has maintained a stable price increase over the years, paying dividends regularly. Currently, FPT stock has good liquidity and is a component of the VN30 index.
The bank expects the investment capital to be a maximum of 5% of FPT's charter capital at the time of implementation. The total investment value shall not exceed the investment ratio permitted by law.
The expected implementation time is in 2024, 2025 or a suitable time after approval from competent state agencies, legal regulations and actual situation.
According to FPT, in the first 8 months of the year, the group achieved revenue of VND39,664 billion, pre-tax profit of VND7,077 billion, up 20.8% and nearly 20% over the same period, respectively. The group operates in 3 areas: technology, telecommunications and education. FPT's charter capital is VND14,605 billion.
Source: https://dantri.com.vn/kinh-doanh/lpbank-muon-mua-5-von-fpt-20240919135448980.htm
Comment (0)