HDBank Initiates Legal Transformation of HD SAISON into a Joint Stock Company

On January 7th, Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank, HOSE: HDB) announced a written shareholder vote regarding the legal restructuring of HD SAISON Finance Company.

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HD SAISON Finance Company LLC, with a chartered capital of VND 2.35 trillion, is 50% owned by HDBank. HDBank has proposed to its shareholders the conversion of HD SAISON’s legal structure from a limited liability company to a joint-stock company.

The Board of Directors has been authorized to determine HDBank’s ownership ratio in HD SAISON post-conversion, approve the conversion plan, and address related matters.

HDBank cites the conversion as essential for HD SAISON’s long-term growth and expansion strategy. It aims to strengthen financial capacity, facilitate stock listing, attract investment, and enhance transparency and governance efficiency.

Additionally, the move aligns with HDBank’s next-phase development goals, ensuring safe, stable operations in compliance with the State Bank of Vietnam’s regulatory framework.

Han Dong

– 09:30 08/01/2026

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