According to the latest information, Southeast Asia Commercial Joint Stock Bank (SeABank, code: SSB) said it had unexpectedly received a notice from AEON Financial Service (Japan) about the unilateral announcement that the transfer contract of Post and Finance Company (PTF) was no longer valid.
SeABank affirmed that it had never discussed this content before. At the same time, the bank is proposing that the partners soon work officially to clarify the incident in the spirit of cooperation and respect for the law.
Previously, on June 6, AEON Financial Services Group (Japan) suddenly issued a notice stating that it had discovered inappropriate accounting transactions at Post and Finance Company (PTF) - a company that has just been acquired by AEON from Southeast Asia Commercial Joint Stock Bank (SeABank).
According to AEON, the post-merger review (PMI) process has discovered many serious deviations in PTF accounting data, leading to the group having to conduct an independent investigation.
On that basis, AEON Financial announced that the transfer contract was invalid from June 6, 2025 and affirmed that it will continue to coordinate with Vietnamese authorities to clarify the responsibilities of the parties involved. At the same time, AEON also said it will carry out legal procedures to request cost refunds, damages and prosecution.
PTF is a non-bank financial company, acquired by SeABank from VNPT Group in 2018 and currently has a charter capital of VND 1,550 billion. In October 2023, SeABank signed a contract to transfer all capital in PTFs to AEON Financial with a value of about VND 4,300 billion. The transaction was approved by the State Bank on December 30, 2024 and SeABank officially handed over PTF to its Japanese counterpart on February 3, 2025.
AEON Financial Service is a member of AEON Group (Japan), present in Vietnam since 2008 through ACS Vietnam Trading Company Limited, specializing in providing consumer financial services such as installment purchases.
