Established in May of 2002, FPT Elead was firstly a subsidiary of FPT Corporation. Since 2006, it has been put under management of FPT Distribution. After more than 6 years of operation, FPT Elead has become the leading domestic computer manufacture and assembly brand in Vietnam.

Vietnamese name: Elead Joint Stock Company

• Abbreviation: FPC
• Address: 3^rd floor, Viglacera Bldg., No. 1 Lang - Hoa Lạc Road, Me Tri - Tu Liem, Hanoi.
• Website: www.elead.com.vn
• Business operation:
  - Assembly and distribution of Elead trademark computers.
  - Distribution of information technology products. 

To meet the development of FPT Elead as part of FPT Corporation’s growth strategy, FPT Elead will be made a joint stock company, starting in February 2009.

“Within 2 to 4 weeks from the date of announcement of the bidding of the first 20% of the total shares, the company will process the bidding procedures”, said Mr. Nguyen Van Loc, Deputy General Director of FPT Distribution, Deputy Director of Elead Transformation Committee, and Director of FPT Elead.

Pursuant to the tentative transformation proposal submitted by Elead to FPT Management Board, FPT will retain percent of the total shares and the remaining 80 percent will be sold to the company’s staff, partners and the public with respective percentage 25%, 35%, and 20%.

The company will initially offer to the public 20% of its total shares, with value less than 10 billion VND. The offering will be processed by FPT Securities.

The initial share price is expected to be 11,200 VND per share.

Elead’s staff will enjoy the preferential share price which is equal to 80% of the average bidding price, no lower than the share price and non-transferable for the first year.

Company partners will enjoy another preferential share price which is equal to 90% of average bidding price, no lower than the share price and non-transferable for the first two year. Special transfering cases will be considered and approved by the management board.

According to the profile approved by FPT Management Board, FPT Elead is worth 64,255,209,088 VND as of October 31, 2008 of which FPT Distribution has invested, until the time of equitization, 37,863,039,510 VND.

The total earnings from the equitization will be transferred to FPT Distribution according to the company’s financial regulations.

FPT Elead expects to go into operation immediately after the successful equitization. The company plans to manufacture 70,000 computers in 2009, and 100,000 in 2010. Sale of laptops will account for approximately 10 to 15% of the total business. FPT Elead will continue to expand its distribution network from the current number of over 200 in Vietnam.

In 2008, the computer company’s revenue reached 35 million USD, profit increased 160%, contributing to the annual growth of 15%.

Elead hopes for further growth with a diverse shareholder portfolio after equitization.