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On May 4, Yuanta Vietnam Securities Company Limited (YSVN) announced it had received the resignation letter from Mr. Chao Jen Kai, Chairman of the Board of Directors and the legal representative.
In his resignation letter, Mr. Chao Jen Kai said the parent company had decided to reassign him to a new position within the group. He also emphasized that he would do his utmost to ensure the transition would be smooth and stable.
According to information on YSVN’s website, Mr. Chao Jen Kai has nearly 17 years of experience in finance, banking, and securities across Taiwan, Hong Kong, and Vietnam. He previously served as Chief Financial Officer at Yuanta Securities Taiwan.
On May 4, YSVN also announced the appointment of Mr. Wang Chung Shan to the list of related parties of Yuanta Securities Asia Financial Services Private Limited (YSAF), the parent company holding 94.1% of YSVN’s shares.
The appointment is linked to YSAF designating this individual as the representative for 13.44% of YSVN’s capital. YSAF’s stake is further subdivided among six other individuals as representatives, including Mr. Chao Jen Kai, Mr. Hwang Wei Cherng, Ms. Lai I Wen, Ms. Chien Wei Ching, Mr. Nguyen Thanh Tung (also CEO), and Mr. Ooi Thean Yat Ronald Anthony.
YSVN is noted to have only two shareholders. The remaining 5.9% stake is held by Yuanta Securities (Hong Kong) Company Limited, whose stake is delegated to three individuals: Mr. Wang Yi Min, Mr. Kuo Ming Cheng, and Mr. Tan Pei San.
In Q1 2026, YSVN recorded operating revenue of over VND 177 billion, up 24% year over year. The lending segment remained the main driver with nearly VND 122 billion, up 23%, while brokerage revenue rose to over VND 44 billion, up 37%.
Difficulties also increased as the company faced higher costs for brokerage activities and recorded more provisions for financial assets, receivables, and borrowing costs on loans. As a result, net profit growth slowed to 15%, totaling over VND 28 billion.
While growth versus the same period last year remained positive, the company’s data indicate that YSVN’s revenue and profit declined in the two quarters following the strong performance in Q3 2025.
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