Asian Spectator


The Times

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SeABank and AFS clarified matters related to the Charter Capital Transfer Agreement of Post and Telecommunication Finance Company Limited (PTF)

, Ltd. ("AFS"), Southeast Asia Commercial Joint Stock Bank ("SeABank") and AFS have been engaged in constructive discussions to comprehensively clarify the issues raised by AFS in a spirit of goodwill and cooperation.

SeABank and AFS foster relationship with a cooperative agreement
SeABank and AFS foster relationship with a cooperative agreement

As a result, AFS has confirmed that SeABank had no knowledge of, nor any involvement in, any potential discrepancies in provision at PTF before the closing of the transaction. Furthermore, AFS has formally withdrawn its preliminary notice relating to the transaction and reaffirmed its intention to manage and develop PTF sustainably.

To foster the relationship, SeABank and AFS has signed a cooperative agreement to develop retail products and services, for the needs of both parties' customers in Vietnam.

For media inquiries, please contact:

Mr. Tran Huy Hung
Deputy Director, Communications and Marketing Division
SeABank – Southeast Asia Commercial Joint Stock Bank
198 Tran Quang Khai Street, Hoan Kiem Ward, Hanoi, Vietnam
Tel: (024) 3944 8688, ext. 7803 | Fax: (024) 3944 9026
Email: hung.th@seabank.com.vn | Website: www.seabank.com.vn



Hashtag: #SeABank

The issuer is solely responsible for the content of this announcement.

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