VNPT sells finance subsidiary to SeABankVietnam Posts and Telecommunications Group (VNPT) sold its finance subsidiary Post and Telecommunication Finance Company Ltd (PTF) to SeABank at a recent auction. Vietnam Posts and Telecommunications Group sold its finance subsidiary Post and Telecommunication Finance Company Ltd to SeABank. According to Hung, VNPT sold PTF to SeABank at a higher price than the asset valuation it gave. Founded in 1998, PTF is Vietnam’s first finance company, wholly owned by VNPT, with a chartered capital of 500 billion VND. According to PFT’s financial statements, its profits in 2015 and 2016 were 21 trillion VND and 19 trillion VND, respectively.

Source: VietNamNet News February 08, 2018 08:48 UTC