The Board resolution dated October 02, 2019, the Board of Directors of Tien Phong Commercial Joint Stock Bank (TPBank) approved to buy shares in the private placement of Tien Phong Securities Corporation (TPS). Details are as follows:

-       Stock name: Tien Phong Securities Corporation

-       Securities code: ORS

-       Stock type: common share

-       Number of shares registered to buy: 4,000,000 shares, equivalent to 10% charter capital before the issue.

-       Purchase price: VND 10,000/share

-       Total value: VND 40,000,000,000

-       Number of shares expected to be held after the issue by TPBank: 4,000,000 shares, equivalent to 9.09% charter capital after the issue of TPS.

-       Time of implementation: expected in Q4.2019.