FSN ASIA Subsidiary Clever Group Listed on Ho Chi Minh Stock Exchange in Vietnam

[Asia Economy Reporter Jang Hyowon] Clever Group, a Vietnamese subsidiary of FSN ASIA, the overseas business corporation of the comprehensive digital advertising group Future Stream Networks (hereinafter FSN), will be listed on the Ho Chi Minh Stock Exchange (HOSE) in Vietnam on the 22nd.

Clever Group is a digital marketing specialized company that owns a total of five subsidiaries across business areas including ▲ad tech platforms ▲advertising agencies ▲media companies. It currently operates in four countries centered on the Vietnamese market: Indonesia, the Philippines, Myanmar, and Vietnam. From 2017 to 2019, it recorded a stable growth rate exceeding 23% in sales growth.

Clever Group decided to list 18,000,333 common shares at an initial price of 64,900 VND (Vietnamese Dong, approximately 3,122 KRW), establishing a market capitalization of 1,168.2 billion VND (approximately 56.2 billion KRW). The company originally planned to list in January this year, but considering the Vietnamese Lunar New Year holiday period (February 10?16), it decided to list at a time when trading becomes active after the holiday.

Cho Changhyun, CEO of FSN ASIA, said, “Having succeeded in listing on Vietnam’s largest stock market, which is attracting high interest among global investors, we expect effects such as stable capital procurement and transparent management,” and added, “This listing will serve as a stepping stone to expand our digital marketing business beyond the Asian market to the global stage.”

Meanwhile, the Vietnam VN Index has shown a continuous upward trend, rising for 11 consecutive weeks last month and approaching an all-time high of 1,204.3 points during intraday trading. The increase rate from the lowest point in 2020 to December 31 nearly reached 70%.

This content was produced with the assistance of AI translation services.