AsemconnectVietnam - TPS has submitted a report to the 2025 Shareholders' Meeting on the issuance/offering of bonds with a maximum limit of VND3,000 billion in 2025 for the purpose of restructuring the Company's bond debt and/or supplementing medium and long-term capital Tien Phong Securities Joint Stock Company (TPS - stock code ORS) plans to hold its Shareholders' Meeting on June 27, 2025.

TPS believes that the economic context still faces many external challenges such as exchange rate fluctuations, the risk of widespread recession, US tariff policies and geopolitical tensions, especially the complicated developments of the Russia-Ukraine conflict. These will be factors that need to be closely monitored to respond promptly in 2025. With the stock market expecting growth in scores and liquidity, but the competitive picture in the industry is also very fierce. Accordingly, TPS sets a cautious plan, emphasizing risk management and capital safety, specifically targeting revenue of VND1,379 billion and pre-tax profit of VND139 billion for the whole year of 2025, a significant decrease compared to 2024.
In 2025, TPS focuses on improving products and services in the direction of expansion and flexibility, based on the new (core) securities trading system platform; focusing on maximizing the exploitation of existing customer files and customers in the ecosystem, expanding cooperation with partner businesses to provide more integrated financial services.
At the same time, the Company promotes digital transformation, comprehensively deploys digitalization in business and management activities, and applies technology to improve the business model, helping to improve productivity and increase flexibility in operations. TPS also restructures the organization, reviews and streamlines the organizational structure and personnel in accordance with the operating model, thereby improving the efficiency of management and operation.
TPS has a report to the 2025 Shareholders' Meeting on the issuance/offering of bonds with a maximum total limit of VND3,000 billion in 2025 with the aim of restructuring the Company's bond debt and/or supplementing medium and long-term capital for the Company's core business activities.
This is a solution to restructure capital sources and reduce capital costs in conditions where the market is maintaining a significantly low interest rate compared to the time TPS mobilized capital from bonds in the past.
At the same time, TPS also submitted a report on the approval of the loan transaction between TPS and TPBank. Specifically, the Board of Directors has the right to decide on the loan amount, loan limit and/or contract value, specific loan transactions arising at each time in accordance with the Company's capital needs, ensuring that at any time the total outstanding loan balance of the Company at TPBank does not exceed VND 3,000 billion or 35% of the total value of the Company's assets recorded in the most recent financial statement at the time of the contract or loan transaction.
N.Nga
Source: VITIC/Tinnhanhchungkhoan