On June 07, 2022, the State Bank of Vietnam (SBV) issued Decision No. 1014/QD-NHNN revising the charter capital substance in the License for the Establishment and Operations of HD SAISON Finance Co., Ltd.
Accordingly, the SBV Governor has decided to revise Article 2 of License No. 67/GP-NHNN dated October 31, 2017 issued by the SBV Governor to HD SAISON Finance Co., Ltd., to read as follows:
“Article 2. The charter capital of HD SAISON Finance Co., Ltd. is: VND 2,350,000,000,000 (Two thousand three hundred fifty billion Vietnamese Dongs), in which: Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) owns 50% the charter capital; the Credit Saison Co., Ltd. (Japan) owns 49%; and Ho Chi Minh City Securities Corporation (HSC) owns 1% of the charter capital.”
This Decision took effect from the date of signing and is an integral part of the License for the Establishment and Operations No. 67/GP-NHNN dated October 31, 2017 issued by the SBV Governor to HD SAISON Finance Co., Ltd.
Decision No. 18/QD-NHNN dated January 08, 2020 issued by the SBV Governor revising the charter capital substance in the License for the Establishment and Operations of HD SAISON Finance Co., Ltd. is no longer effective from June 07, 2022.
HD SAISON Finance Co., Ltd. shall be responsible for implementing the applicable procedures in line with Paragraph 4 of Article 29 of the 2010 Law on Credit Institutions (as amended and supplemented) and other relevant provisions of law regarding the above revision.
LK