FPT subsidiaries garner interest despite bleak business resultsIn spite of having bleak trading results, both subsidiaries of FPT Corporation—FPT Trading and FPT Retail—are receiving great attention from foreign investors as their stakes are put on sale. FPT will divest FPT Retail and FPT Trading due to decreasing revenue and profit figuresAccording to newswire Cafef, on September 12, Synnex Technology International Corporation (Synnex) and FPT signed a co-operation agreement to develop FPT Trading. In 2016, FPT decided to let go of FPT Retail and FPT Trading due to declining revenues in the sector. As of late August 2016, FPT Shop owned 447 stores, only one-third of the number of The Gioi Di dong stores. After divesting from FPT Trading and FPT Retail, FPT will remain the largest shareholder in these companies with 48 per cent in FPT Trading and 45 per cent in FPT Retail.

Source: VietNamNet News September 13, 2017 06:33 UTC