Responding to shareholders' questions about whether Asia Commercial Bank (ACB) will continue its plan to sell capital and IPO ACBS Securities Company in the near future, Mr. Tran Hung Huy, Chairman of the Board of Directors of ACB, said that in the past, ACB has also negotiated with partners to seek opportunities for ACB, but the bank has not yet found a suitable partner, so the bank has stopped this plan. At the same time, ACB also has no plan to IPO ACBS but focuses on promoting the completion and development of ACBS.

ACB Chairman - Mr. Tran Hung Huy.

In the past, ACB has increased capital for ACBS from VND 7,000 billion to VND 10,000 billion and is expected to increase VND 1,000 billion for ACBS in April 2025. With strong financial potential, the Bank believes that ACBS will continue to grow steadily. In addition, ACB also increased the financial capacity of its affiliated fund management company... to exploit the market potential and increase profits.

Specifically, most recently, ACBS announced a resolution on increasing charter capital. Specifically, ACB has decided to increase ACBS's charter capital by VND1,000 billion, from VND10,000 billion to VND11,000 billion. The entire amount will be contributed by ACB, expected to be implemented after being approved by the State Securities Commission.

It is known that ACBS is a subsidiary 100% owned by ACB of Chairman Tran Hung Huy. According to the 2025 operating direction that the Company has just announced, the Board of Members approved the target of margin lending scale increasing by over 75%, estimated at VND 15,400 billion. The pre-tax profit plan for 2025 increases by over 60% to VND 1,350 billion before tax.

At the same time, ACBS plans to increase total assets by over 25%, estimated at VND 32,850 billion; equity by over 40% compared to 2024, estimated at VND 13,315 billion.

In 2024, ACBS recorded total operating revenue of VND 2,534 billion, up 51% over the previous year. As a result, after-tax profit was VND 683 billion, up nearly 73% over 2023.

Source: https://baodautu.vn/chu-tich-tran-hung-huy-acb-chua-co-ke-hoach-ban-von-va-ipo-chung-khoan-acbs-d264468.html