The ex-dividend date for the shareholders’ meeting is set for November 28th. While the company has not yet disclosed the meeting’s agenda, this move has garnered attention as it marks the first time FPT Telecom has convened a meeting since completing the transfer of state capital representation rights from the State Capital Investment Corporation (SCIC) to the Ministry of Public Security.
Previously, SCIC announced its intention to sell its entire stake of nearly 370.7 million shares, equivalent to 50.17% of FPT Telecom’s capital, as part of the transfer process outlined in the minutes signed on July 16, 2025. The transaction was executed off-market between October 31st and November 28th. On November 12th, SCIC confirmed the completion of the transfer of state capital representation rights, no longer holding any shares. The ownership information update was processed through the Vietnam Securities Depository and Clearing Corporation (VSDC), effective November 11th.
On the same day, VSDC announced adjustments to the information of nearly 370.7 million unlisted FOX shares, transferring them from SCIC to the Ministry of Public Security as requested by FPT Telecom. Both VSDC and FPT Telecom are responsible for ensuring the accuracy and completeness of the adjustment documentation.
During the handover ceremony on July 16th, SCIC’s General Director, Nguyen Quoc Huy, stated that the transfer aligns with the government’s policy on state capital management and is linked to the national strategy on security, data, and digital transformation. Following the transfer, the state-owned capital in FPT Telecom will be managed by the Ministry of Public Security, while the other major shareholder, FPT Corporation (HOSE: FPT), holds 45.66% of the capital.
Representatives from the Ministry of Public Security and SCIC sign the handover minutes for the state capital representation rights in FPT Telecom – Photo: Tran Cuong
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Regarding potential mergers with other entities, an FPT representative previously assessed the likelihood as low and expressed hopes to maintain their ownership ratio in FPT Telecom, although the possibility of continuing consolidated financial statements remains unclear. FPT Telecom may also participate in certain government projects post-transfer, but specific details are not yet available.
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Following the transfer announcement, FPT Telecom maintained robust financial performance, reporting a record-high net profit of over VND 2,533 billion for the first nine months of 2025, a 22% increase year-on-year, achieving 77% of its annual target. The company also holds nearly VND 12,500 billion in bank deposits, an increase of approximately VND 500 billion since the beginning of the year. On the UPCoM market, as of the morning of November 17th, the FOX stock was trading at around VND 61,700 per share, remaining relatively stable over the past year with an average liquidity of over 128,000 shares per session. In mid-July, following the news of the transfer to the Ministry of Public Security, FOX surged to an all-time high of over VND 76,000 per share, subsequently declining by nearly 20% to its current level. |
– 10:58 AM, November 17, 2025
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