SHB has received full payment for SHBFinance from Thai group

Saigon - Hanoi Commercial Joint Stock Bank (SHB) has officially confirmed that the Thai financial group Krungsri completed the full payment for the transfer of SHBFinance shares. This significant transaction was finalized on October 15. The payment marks an important milestone in the share transfer agreement between the two parties, under which SHB transferred SHBFinance to its Thai partner. SHBFinance was SHB's consumer finance company prior to the transfer. This agreement had been previously announced, and the completion of payment indicates that the transfer process has concluded. This transaction is part of SHB's restructuring and development strategy, as well as Krungsri's market expansion in Southeast Asia. The finalization of this deal is expected to impact the operational structures of both SHB and SHBFinance going forward. SHB will now focus on its core business areas after completing the divestment of this subsidiary.

Key points
* Krungsri completed payment for SHBFinance.
* The transaction was confirmed by SHB.
* Payment was finalized on October 15.

Nguồn / Source: Thanh Niên - Thời sự