Information-communication-technology (ICT) giant FPT Corporation (FPT) has sold 47% of its stake in distribution arm FPT Trading to US-based ICT product company Synnex.
FPT Corporation has reportedly sold its distribution business FPT Trading to US-headquartered Synnex Corp, retail sources told zing.vn.
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Vietnamese software giant FPT plans to decrease its holdings in FPT Retail and FPT Trading due to the sectors’ decline in revenue.
Software giant FPT is planning to seek investors for its FPT retail and trading segment this year, according to FPT’s website.
