Pinetree Securities has just added 20 million USD in loan from Woori bank – Hong Kong branch
On May 28th, 2021, Pinetree Securities signed a loan contract with a limit of 20 million USD with Wooribank – Hong Kong branch.
The loan has a term of 1 year with an interest rate according to the international money market.
As a digitization-oriented securities company supported by Hanwha Group – Korea (parent company: Hanwha Investment & Securities), Pinetree Securities has grown strongly in the past 2 years and continuously attracts customers thanks to zero fee policy, low margin interest rate at 9% with no conditions and a stable trading system.
In early 2021, Pinetree was raised capital to more than 1,000 billion VND to expand its business and meet customer needs with an increase in limit and margin loan portfolio.
General Director Lee Jun Hyuck said the addition of cheap capital at this time aims to better meet the needs of investors when the stock market is attracting cash flow and becoming one of the important capital channels for the Vietnam’s economy.
He also revealed the possibility that Pinetree Securities will continue to raise capital for the second time right in 2021 to meet growth needs, expand operations and best serve customers.
Source: Pinetree Securities