FPT announce to pay 2014 first dividend

According to the resolution of FPT Corporation’s the Board of Directors. The interim dividend plan for the first term was approved. The payment was expected to be made in the third quarter of 2014.

In 2013, FPT shareholders received 55% cash-and-stock dividend.

FPT also announced to approve the plan of purchasing FPT Telecom shares from minority shareholders to increase the percentage of ownership of FPT in FPT Telecom. The shares would be purchased at 52,000 VND per share in one month from August 8, 2014.

Currently, FPT owns more than 40% of FPT Telecom shares.

In addition, the Board of Directors adopted the appointment of Mr. Tomokazu Hamaguchi, a former CEO of the company NTTData (Japan), is the incumbent Chairman of JISA, a temporary member of FPT Corporation’s the BOD from October, 2014.

The proposal of merging FPT Software Asia Pacific Pte.Lte and FPT Information System Singapore Pte.Ltd into FPT Asia Pacific Pte.Ltd (standing by FPT APAC) was adopted.

The merger of two companies was supposed to utilize the full strength of FPT, to lift FPT up to a total IT service provider for the whole Asia - Pacific region where Singapore's considered the large and important market, the launcher for FPT to expand business and investment into other countries in the region.

See the full resolution here.