AEON Financial Services Co., Ltd. has just issued a document announcing information about discovering problems related to accounting processing before acquiring shares at Post and Telecommunication Finance Company (PTF).

Specifically, the document stated that in October 2023, AEON Financial Services signed a share transfer contract with Southeast Asia Commercial Joint Stock Bank ( SeABank ) to buy back shares at PTF in Vietnam. However, AEON Financial discovered that the accounting information published before signing the contract had problems compared to reality.

"For this reason, AEON Financial Services has sent a notice to SeABank requesting that the above contract be declared invalid," the document stated.

image ptf 2.jpg
On February 3, 2025, SeABank officially handed over PTF Finance Company to its Japanese partner.

Upon discovering the incident, AEON Financial Services immediately investigated the incident with advice from local lawyers. On June 6, 2025, AEON Financial Services officially requested to declare the share transfer contract invalid against SeABank.

The company also said it would resolutely request a comprehensive investigation of the incident, coordinate with relevant authorities, and implement necessary legal procedures in accordance with Vietnamese law to invalidate the Share Transfer Agreement; request reimbursement of costs incurred in connection with the signing of the transfer agreement, compensation for damages; and at the same time prosecute the parties for legal liability.

On the afternoon of June 6, the article about the above transaction on SeABank's official website was inaccessible, but other information on the website could still be accessed normally.

Responding to the information provided by AEON Financial Service Co., SeABank said: On June 6, 2025, Southeast Asia Commercial Joint Stock Bank received an email from AEON Financial Service Co., Ltd. (AEON Financial) regarding the transfer contract of Postal Finance Company Limited (PTF) to AEON Financial. This is the first time SeABank has received information from AEON Financial.

"SeABank is extremely surprised by the information AEON unilaterally announced. SeABank is urgently contacting AEON Financial to clarify the contents," SeABank said.

According to information previously announced to the media, at the end of 2023, Southeast Asia Commercial Joint Stock Bank (SeABank, code SSB) and AEON Financial Service Co., Ltd. (AEON Financial) - a member of the financial sector of AEON Group held a signing ceremony for a contract to transfer all of SeABank's capital contribution at Postal Finance Company Limited (PTF) equivalent to 100% of PTF's charter capital with a transfer price of VND 4,300 billion.

The signing of the contract to transfer all capital contributions at PTF is an activity within the roadmap approved by the SeABank General Meeting of Shareholders to find potential foreign investors who want to receive the transfer of SeABank's capital contributions at PTF.

On February 3, 2025, SeABank officially handed over PTF Finance Company to its Japanese partner.

PTF was established in October 1998 and is one of the first financial companies in Vietnam, currently with a charter capital of VND 1,550 billion, a total staff of nearly 2,000 people and serving nearly 200,000 customers in 30 provinces and cities across the country. PTF's business results in 2024 have a total outstanding loan balance of more than VND 4,325 billion, an increase of 10% compared to 2023 and pre-tax profit of VND 166 billion, corresponding to a growth rate of 173% compared to 2023.

Meanwhile, AEON Financial Service Co., Ltd is a member of the financial sector of AEON Group - the largest retail group in Japan and has a presence in many countries, including Vietnam.

Source: https://vietnamnet.vn/thuong-vu-hon-4-000-ty-giua-seabank-va-aeon-financial-services-do-be-2408937.html