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TPS settles a 1-trillion-dong bond tranche. On April 20, 2026, TPS paid 1.0 trillion VND in principal and about 22.7 billion VND in interest for bond issue ORSH2126001, according to information from the Hanoi Stock Exchange (HNX). The ORSH2126001 bond tranche was issued on April 20, 2021, comprising 10 million bonds with a par value of 100,000 VND per bond, corresponding to an issued value of 1,000 billion VND. These bonds are non-convertible, without warrants, without collateral, and are not senior debt of the issuer. The tranche has a 60-month term; the maturity date is scheduled for April 20, 2026. All funds raised from the bond issue were to be used by the issuer to develop margin lending businesses, enhance its financial capacity to undertake securities trading, underwriting and public offerings, proprietary trading, and other investments to grow TPS's operations. Bondholders include 398 domestic investors (99.75%) and 1 foreign investor (0.25%). In a separate development, TPS announced Decision No. 01/2026/QD-CT.HĐQT dated April 22, 2026, regarding the dismissal of the Chief Executive Officer and the legal representative Ms. Dang Sĩ Thùy Trâm, effective from April 23, 2026. Mr. Nguyen Chi Thanh was appointed Chief Executive Officer from April 23, 2026, for a five-year term. Mr. Thanh is the CEO and legal representative of the company and is entitled to salary and benefits under the company’s policies and applicable law. Regarding leadership changes, TPS also appointed Ms. Dang Thi Bich Thuy as Deputy CEO and Director of Operations, and Mr. Nguyen Trong Thanh as Deputy CEO and Director of the Investment Banking - Proprietary division. On December 31, 2025, TPS completed the sale of nearly 288 million shares to TPBank (TPB). The offering price was 12,500 VND per share, raising about 3,600 billion VND. The use of proceeds is planned as 60% for brokerage and margin trading, 30% for proprietary trading, and 10% for other investment activities, with disbursement expected in 2026. Following the offering, TPS increased its charter capital to 6,239 billion VND. TPBank’s ownership rose from 9.01% (30.2 million shares) to 51% (318.2 million shares), making TPBank the parent bank of TPS.
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