Two units of Vietnam’s HDBank, HD Securities and consumer finance arm HD Saison, are preparing for initial public offerings, the bank’s vice chairwoman Nguyen Thi Phuong Thao said on Tuesday.
Thao also said that HDBank‘s technology partner Galaxy Holdings is seeking a capital raising, a bond issuance and an overseas listing.
In April, HDBank said it would raise its stake in HD Securities from 29.99% to between 51% and 90%, ahead of the securities firm’s planned listing later in the year.
Reuters
