Hanoi Stock Exchange has announced that the shares of F88 Investment Joint Stock Company (stock code: F88) will be officially traded on the UPCoM market from August 8, 2025.
Accordingly, more than 8.26 million F88 shares, with a par value of VND 10,000 per share, will be put into trading with a total registered value of nearly VND 82.65 billion. The reference price on the first trading day is set at VND 634,900 per share, equivalent to a capitalization of VND 5,244 billion.
Mr. Phung Anh Tuan, Founder and Chairman of the Board, previously stated that the company aims to reach a capitalization of about USD 1 billion when listed on HoSE in 2027.
In terms of business results, in the second quarter of 2025, F88 recorded revenue of VND 925 billion, up 30%, and pre-tax profit of VND 189 billion, up 220% over the same period last year.
The results came from the Company’s promotion of disbursement, up 47%, and a 45% increase in outstanding loans, along with maintaining discipline in risk management.
In the first six months of 2025, F88 achieved 888 operating stores – completing 100% of the annual expansion plan. Net debt reached VND 5,543 billion, total revenue was VND 1,744 billion, and pre-tax profit accumulated from the beginning of the year reached VND 321 billion, equivalent to 48% of the yearly plan.
Previously, on July 28, F88 announced that Mr. Piyasak Ukritnukun has joined as an independent member of the Board of Directors.
He is the CEO of NTL – one of the three largest title lending companies in Thailand – which has successfully listed on the SET stock exchange and created a memorable milestone for the financial industry in the country.
He used to be Chairman and Founding Member of the Vehicle Title Loan Association of Thailand, Non-Executive Director at Hattha Kaksekar (one of the leading companies in Cambodia’s microfinance market for microcredit and comprehensive finance), Director at Krungsri Auto and Ayudhya Capital Services…
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