FPT and STIC signs cooperation agreement
Hanoi , July 31st, 2008 FPT Corporation recently signed a cooperation agreement with STIC Investments, Inc – one of the largest private Korean adventure funds. The cooperation is expected to take place in the Vietnam market, with the creation of a joint venture fund or expansion of cooperation in other fields.
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05/08/2008
Mr. Trương Gia Bình, Chairman of the Management Board of FPT Corporation says: “FPT think highly of STIC’s investment in technology and also its ability to mobilize capital in the Korean market. We hope this cooperation will act as the bridge for better investment relations between Vietnam and Korea, bringing development opportunities to Vietnam”.
Mr. Kevin Lim , CEO of STIC affirms: “Korea has become a close partner of Vietnam. I trust with FPT’s experience and agent network, this cooperation will not only bring development opportunity to solely FPT and STIC, but also other Vietnamese and Korean companies.”
STIC currently manages over 1.2 billion USD with investment in over 282 different companies in different fields in Korea.
About STIC and FPT
About STIC:
Established in 1999, STIC has become one of the largest and leading companies in Korea , and is striving to become one of the most prestigious in Asia . STIC currently manages over 1.2 billion USD with investment in over 282 different companies in different fields in Korea . Its portfolio includes 48 successful IPO, 1547 M&A. STIC has representative offices in Hong Kong, Chinese Taipei, Palo Alto. New offices in Hochiminh City and Tokyo are expected to be established by the end of 2008.
About FPT:
FPT is a multi-national company currently operating in: Information Technology and Telecommunications, Finance and Banking, Real Estate and Education and Training.
FPT’s participation in the finance sector is marked by its stake in FPT Capital. FPT Capital is currently the capital distributor of all of FPT Corporation’s investment activities. FPT Capital currently manages the Vietnam – Japan fund worth over 100 million USD.
Hoàng Ngọc Quý (Ms)
FPT Corporate Communications Department
Tel: 04.256 0300 / ext 40048
Fax: 04.7689067
Mobile: 0974181889
Email: [email protected]
Add: FPT Building, Phạm Hùng Rd., Hanoi.
