TMT Motors JSC (TMT) and Saigon Securities Inc. (SSI) strike a co-operation agreement.

TMT Motors JSC (TMT) and Saigon Securities Inc. (SSI) strike a co-operation agreement.On July 4, 2010 at Hilton Opera Hotel, Saigon Securities Inc. (SSI)

07/04/2010

TMT Motors JSC (TMT) and Saigon Securities Inc. (SSI) strike a co-operation agreement.

On July 4, 2010 at Hilton Opera Hotel, Saigon Securities Inc. (SSI) and TMT Motors JSC (TMT) signed a cooperation agreement whereby TMT appointed SSI as its sole advisor for such services as financial advisory, corporate restructuring, law compliance by listed public companies with regard to obligations and responsibilities, AGMs and EGMs, corporate governance international best practices, corporate branding, and brand management.

On behalf of TMT, Chairman Bui Van Huu said “We choose only SSI as our advisor because we firmly believe that they can give us further help in implementing our comprehensive development strategy for the future. We also look forward to strengthening the relationship between two companies.”

TMT Background Information

TMT currently holds a charter capital amount of VND 163 billion and is operating efficiently with a high target EPS consistently maintained. Its 3-year average EPS for the post-equitization period of 2007-2009 is VND 20.960 per share.

TMT products are a wide range of trucks, from 1 to 25 tons of loaded weight, operated in all 63 provinces in Vietnam through a channel of first-level agencies of 4S standards. At present, TMT holds 38% of Vietnam’s truck market share.

With a strategy to improve product quality and expand market share, TMT is close to completing legal procedures required for opening one more factory, to be located in Hung Yen province, that specializes in the manufacturing and assembly of TMT vehicles with a annual production capacity of 10,000 units. Aside from increases in capacity and market share, TMT also focuses on another strategy, which aims to establish ties with globally recognized manufacturers in the production of coaches and commercial vehicles.

TMT currently has its share listed on HOSE under ticker “TMT”, which is trading at VND 50,000 per share.

SSI Background Information

SSI, headquartered at 72 Nguyen Hue, Ben Nghe, District 1, Ho Chi Minh City, is a securities firm whose charter capital and market capitalization are recorded as the largest in Vietnam. With a large and powerful amount of financial and human resources, SSI is a provider of financial services in securities, asset management, and investment banking.