Credit Saison Co. Ltd. (TSE:8253) and Ho Chi Minh City Securities Corporation (HOSE:HCM) agreed to acquire 50% stake in SG Viet Finance Co., Ltd. from Hochiminh City Housing Development Commercial Joint Stock Bank on April 1, 2015. Credit Saison will acquire 49% stake for VND 884 billion (¥5 billion).

On completion, SG Viet Finance Co., Ltd. will be renamed as HD Saison Finance. Credit Saison will also appoint a Chairman and Chief Operating Officer at SG Viet Finance Co. The transaction is approved by Vietnam's central bank.

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