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Business

FPT reduces stake in handset retail subsidiary

Top investment funds snap up 30% of Vietnam's second largest mobile chain

Outlets in the FPT Retail change have been ranked top among retailers in Vietnam in terms of annual sales per square meter of floor space.

HO CHI MINH CITY -- FPT, Vietnam's biggest information technology company, announced on Friday that it has transferred 30% of FPT Digital Retail's charter capital to Dragon Capital and VinaCapital, the two biggest investment funds in Vietnam.

Details of the deals were not disclosed, but the funds collected will be factored into company profits.

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