Tien Phong Securities Corporation addressed former chairman's legal case

Tien Phong Securities Corporation (TPS) issued a statement regarding its former chairman's indictment in March 2025 on "fraudulent appropriation of property" charges, related to bond issuances within the Bamboo Capital ecosystem where TPS served as a consultant. Despite this legal matter, TPS affirmed its operations remain stable, with its board reorganized in June 2025, focusing on core business, risk management, and compliance for 2025. However, the company projects a 71% decrease in after-tax profit to VND 111 billion for the year, and reported a net loss of nearly VND 7 billion in the first quarter of 2025, contrasting with a VND 75 billion profit in the same period last year.

Tien Phong Securities Corporation (TPS) issued a statement regarding its former chairman's indictment in March 2025 on "fraudulent appropriation of property" charges, related to bond issuances within the Bamboo Capital ecosystem where TPS served as a consultant. Despite this legal matter, TPS affirmed its operations remain stable, with its board reorganized in June 2025, focusing on core business, risk management, and compliance for 2025. However, the company projects a 71% decrease in after-tax profit to VND 111 billion for the year, and reported a net loss of nearly VND 7 billion in the first quarter of 2025, contrasting with a VND 75 billion profit in the same period last year.

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