Vietnam's FPT sells 47 pct of trading unit to Taiwan's Synnex Tech

Synnex Technology International

12/09/2017 05:55

HANOI, Sept 12 (Reuters) - Vietnam's technology firm FPT 
Corp  FPT.HM  on Tuesday said it would sell 47 percent of its 
trading unit to Synnex Technology International Corp  2347.TW  
in 2017. 
    FPT said it had signed an agreement to sell the stake in FPT 
Trading, whose valuation is no less than $80 million, to the 
Taiwan-based information technology distribution group. 
    FPT said it would receive 932 billion dong ($41.01 million), 
including the amount paid by Synnex and FPT Trading's retained 
earnings. It was unclear how much FPT would receive from Synnex. 
    FPT also plans to sell up to 5 percent of FPT Trading to the 
unit's employees, the statement said. 
 ($1 = 22,725 dong) 
 
 (Reporting by Mi Nguyen) 
 ((mi.nguyen@thomsonreuters.com; +84 24 38259623; Reuters 
Messaging: mi.nguyen.thomsonreuters.com@reuters.net)) 
 
Keywords: FPT TRADING/