On January 8, 2020, the State Bank of Vietnam (SBV) issued Decision No.18/QD-NHNN revising the License of HD SAISON Finance Co., Ltd. (HD SAISON).
Accordingly, the SBV Governor has approved of HD SAISON’s increasing its charter capital from VND 1,400,000,000,000 (one thousand four hundred billion Vietnamese dongs) to VND 2,000,000,000,000 (two thousand billion Vietnamese dongs).
At the same time, the SBV has approved the revision of the substances in Paragraph 2 of License No.67/GP-NHNN dated October 31, 2017 issued for HD SAISON Co., Ltd., to read as follows:
“Charter capital of HD SAISON: VND 2,000.000.000.000 (two thousand billion Vietnamese dongs), of which HD Bank owns 50%, Credit Saison Co., Ltd. (Japan) owns 49%, and Ho Chi Minh City Securities Corporation owns 1%”.
This Decision took effect from the date of signing and is an integral part of License No.67/GP-NHNN dated October 31, 2017 issued for HD SAISON Co., Ltd.. This Decision shall replace Decision No.2247/QD-NHNN dated November 15, 2018 amending the charter capital as written in the License on the Establishment and Operations of HD SAISON Co., Ltd.
HD SAISON is responsible for implementing the procedures of revising its Charter, registering and publicizing the amended substances, and reporting to the SBV on the implementation in accordance with the Law on Credit Institutions and other relevant regulations.
Le Hang