CX Technology Invests in Vietnam’s Phu Hung Securities, Plans IPO in the second half of 2022

CX Technology Corp. (2415-TW) has invested in Vietnam ‘s Phu Hung Securities, which saw profit increased 1.5 times in 2021 to NT$97 million.

During the shareholders’ meeting of CX Technology and Phu Hung Securities, shareholders have approved the application for the listing of Phu Hung Securities in Vietnam, 

The comapny is expected to apply for listing on the Ho Chi Minh City Stock Exchange (HOSE) in the second half of the year.

If the listing application of Phu Hung Securities is approved, the company will become the first Taiwanese brokerage firm to list in Vietnam.

Phu Hung Securities was established in 2006, formerly known as OHLE Securities, and was 46% owned by CX Technology in 2008.

Phu Hung Securities is now a local integrated brokerage firm and has completed its local public offering in Vietnam.

CX Technology holds 46% of the shares of Phu Hung Securities, with Albert Ting as the chairman and Chen Jia-Keng as the general manager. The latter has nearly 20 years of experience in the securities industry.