LPS Approves Share Purchase in SCEX Capital Increase: Wealth Platform Push

Overview

Chứng khoán LPBank (LPS), listed on HOSE, announced that its Board of Directors approved Resolution 115D/2026/NQ-HĐQT on 02/10/2026, authorising the company to purchase shares in SCEX’s planned charter-capital increase. The move upgrades a strategic partnership signed in May 2026 into a prospective shareholder relationship and feeds LPS’s stated ambition to build an integrated wealth management platform.

Key Facts

• Resolution 115D/2026/NQ-HĐQT was passed by the LPS Board of Directors on 02/10/2026.
• The resolution approves a policy to buy shares in SCEX’s charter-capital increase; the filing does not disclose the subscription value, share count, or resulting ownership percentage.
• LPS and SCEX established their strategic partnership in May 2026.
• SCEX is one of five companies the Ministry of Finance assessed as having complete and valid dossiers for consideration under the crypto-asset exchange licensing framework of Resolution 05/2025/NQ-CP.
• SCEX operates technology infrastructure built toward Level 4 information-security standards, with a multi-layer asset custody model.
• The SCEX Simulator, developed for the “Đấu trường Giao dịch Tài sản Mã hoá” competition run by VIFC Academy under the Vietnam International Financial Centre in Hồ Chí Minh City (VIFC-HCM), drew more than 60,000 investors within three months of launch.
• LPS closed at VND 17,700 on 04/10/2026.

What Happened

According to the company’s resolution, the LPS board approved the policy for LPS to subscribe to shares issued in SCEX’s capital-raising round. The announcement frames the investment as the next stage of a relationship that began as a strategic partnership in May 2026, and describes SCEX as a key building block in LPS’s “One Wealth Platform” model. LPS positions itself as a next-generation investment bank targeting mass-market clients, with its Loop digital investment platform and a network of domestic and international institutional partners.

The article states that completing the strategic investment is expected to accelerate cooperation between the two firms. It also notes that SCEX is among five candidates whose dossiers the Ministry of Finance judged complete and valid for review under the crypto-asset market pilot framework set out in Resolution 05/2025/NQ-CP. The filing does not disclose the transaction value, the number of shares to be acquired, or the post-deal ownership ratio.

Market Context

LPS trades on HOSE and closed at VND 17,700 on 04/10/2026, two days after the resolution date. The stock sits in the securities sector, where Vietnamese brokers have been competing on digital platforms, margin capacity and product breadth. The SCEX move places LPS among the first listed securities firms to seek direct equity exposure to a candidate crypto-asset exchange operator, a theme that has gained traction as Vietnam moves toward an official pilot for digital asset trading.

Strategic Significance

For long-term investors, the resolution signals that LPS intends to compete on product breadth rather than brokerage pricing alone. If SCEX secures a licence under the Resolution 05/2025/NQ-CP framework, an equity stake would give LPS early access to regulated crypto-asset infrastructure, custody and distribution at a point when most domestic brokers have no comparable position. The risk is regulatory and timing-related: licensing outcomes, capital requirements and the pace of the pilot remain outside LPS’s control, and the absence of disclosed deal terms limits the ability to assess valuation or earnings accretion.

What to Watch

• The Ministry of Finance’s licensing decision on the five shortlisted crypto-asset exchange applicants, including SCEX.
• A follow-up LPS disclosure specifying the subscription value, share count and resulting ownership percentage in SCEX.
• LPS quarterly results for evidence that the One Wealth Platform and Loop platform are translating into client assets and fee income.
• Any SCEX corporate action or capital increase beyond the current round.
• Progress on the crypto-asset market pilot under Resolution 05/2025/NQ-CP, including SBV and VIFC-HCM related guidance.