Hana Financial Acquires 35% of BIDV Securities for $114M

Hana Financial Investment has acquired 35% stake in a BIDV Securities Joint Stock Company (BSC) for around 114M USD, making Hana Financial Investment the second-largest shareholder. BSC is a subsidiary of Vietnamese state-owned Bank for Investment and Development of Vietnam (BIDV), in which Hana Bank has acquired a stake in the past. Hana Financial Investment plans to develop its SE Asian operations as well as its digital business with BIDV securities as a strategic partner.