Aeon FS claims invalid acquisition of Vietnam finance firm

Aeon Financial Service (TSE:8570) announced it has notified Southeast Asia Commercial Joint Stock Bank (SeABank) of its intent to invalidate the equity transfer agreement concerning Post and Telecommunication Finance Company Limited (PTF), a Vietnamese finance firm. Aeon completed the acquisition of PTF from SeABank on February 3, 2025, making it a wholly-owned subsidiary with capital of VND1,550,000 million and a location in Hanoi, Vietnam. The company had previously announced the agreement in October 2023 and the acquisition’s completion in February 2025.