HCMC, 11 June, 2012
After restructuring, CLSC has terminated its stock brokerage service. It has picked HSC as a partner to take over trading accounts and continue providing support and consultancy services for its customers.HSC Securities Corporation - HSC (HOSE: HCM) would like to announce that the company would take over the investors from Cho Lon Securities Joint Stock Company (CLSC) given details as following:
Under the agreement signed by both parties on 10 June 2012, all clients of CLSC would open accounts at HSC to continue transactions.
HSC would provide all investors from CLSC with services incurred in securities trading, licensed by the State Securities Commission when customers met all legal conditions and regulations of HSC. Moreover, it would serve customers from CLSC as well as others according to its Customer policy.
For any customer from CLSC who wants to transfer accounts to HSC, please contact HSC’s current brokers or customer service department at its national offices to perform the procedures quickly and efficiently.
HSC’s cooperation with CLSC was seen to be in line with the stock market restructuring and would help HSC grow in market share and earnings. Being recognized as the best brokerage firm in Vietnam, HSC excels at a strong technology and financial base. Therefore, HSC pledged that this cooperation would definitely not affect its service quality given to all present clients as well as new ones taken from CLSC.
HSC, in recent years, has tiredlessly improved and developed its business activities such as Brokerage and Sales, and especially Investment Banking. In the Vietnam M&A Forum held on 7 June 2012, HSC was voted The M&A advisory firm of the year 2011-2012. In addition The Asset, a prestigious magazine, awarded The Rising Star Domestic Investment Bank in Vietnam for HSC in The 2011 Triple A Country Awards. It is the sustaintial development strategy of HSC that attachs with its continual growth in business activities.
In Q1/2012, HSC was the leading securities firm in Vietnam of which total trading value made up 9.85% of national market share. EBT of the first 5 months FY12 was seen at 182billion dong, increase of 112% compared to the current period last year.
HEAD OF COMMUNICATIONS
Pham Thi Phuong Lan
ADDITIONAL INFORMATION
HSC Securities Corporation (HSC) is a leading professional securities brokerage and equity firm in one of the fastest growing Asian capital markets and economies, Vietnam. Its clients comprise institutional and private investors, investment funds, state-owned companies, and other entities across different sectors, market segments and locations.
Listed on the Ho Chi Minh City Stock Exchange on May 19, 2009 under the ticker HSC, HSC’s total shareholders’ equity of VND 2,029 billion (by 31/12/2011) makes it a big capitalized institution with strong financial base and investment capacity. HSC continuously develops and improves financial services. It emphasizes on providing value-added products, growing its scope of business based on clients’ growing needs.
In 2011, HSC received further recognition in the international arena through a number of prestigious awards, voted by its customers and the industry experts for The Best Brokerage and Best Equity Firm in Vietnam, The Extel 2010 by Thomson Reuters and The 2011 All-Asia Research Team Survey by Institutional Investor; The Best Local Brokerage in Vietnam, The Best Analyst in Vietnam and 15 other awards, The 2011 AsiaMoney Brokers Poll by AsiaMoney; The Rising Star Domestic Investment Bank in Vietnam, The 2011 Triple A Country Awards, by The Asset…
HSC’s next 5-year strategy, from 2011, is to expand its activities to overseas and connect with worldwide strategic partners specialized in Investment Banking.