HANOI, Vietnam, April 17, 2025 /PRNewswire/ — Southeast Asia Commercial Joint Stock Bank (SeABank, stock code: SSB) announced its consolidated first-quarter results 2025 with positive figures, reflecting robust performance.

Strong performance exceeds Q1/2025 KPIs

SeABank has delivered outstanding results in Q1/2025, sustaining growth momentum compared to the same period in 2024, particularly: PBT reached VND4,350 billion (US$168.14 million), fulfilling 269% of KPIs and marking a sharp YoY increase of nearly 189%. TOI hit VND5,820 billion (US$224.96 million), achieving 184% of KPIs and increasing by over 115% YoY. A standout contributor to this income growth was NoII, which surged to VND3,369 billion (US$130.22 million) – an increase of 378%, completing 340% of KPIs. Those positive results were driven by SeABank’s proactive expansion of non-credit services, effective cost control, enhanced risk management, and the implementation of strategic projects.

By the end of Q1/2025, total mobilization from customer deposits and valuable papers at SeABank reached VND189,993 billion (US$7.34 billion). Total lending balance was VND213,048 billion (US$8.24 billion) – a net year-on-year increase of VND3,693 billion (US$142.75 million).

Additionally, SeABank’s NPL ratio slightly declined to 1.84%, reflecting effective credit risk management amid ongoing macroeconomic challenges and a rising NPL trend across the banking sector. The debt coverage ratio was maintained at 81.81%, ensuring sufficient provision in line with regulatory requirements.

As of March 31st, 2025, SeABank’s total assets reached VND333,746 billion (US$12.9 billion), up 2.47% – equivalent to a net increase of VND8,047 billion (US$311.04 million) from December 31st, 2024; charter capital reached VND 28,450 billion (US$1.1 billion).

Enhancing international partnerships, expanding funding and supporting SME

In Q1/2025, SeABank continued its position as a trusted partner of international financial institutions to promote capital access for Vietnamese enterprises, thereby strengthening capacity and advancing focus on key business sectors.

By the end of March 2025, SeABank’s total international mobilization reached nearly US$1.1 billion, following an investment of US$80 million from the French Development Finance Institution (Proparco) and the Dutch Entrepreneurial Development Bank (FMO). This not only strengthens SeABank’s funding base to support SMEs and women-owned businesses, but also affirms the Bank’s reputation, operational efficiency, and effective capital utilization.

Besides, in Q1/2025, SeABank has completed transferring 100% of its stake in Post and Telecommunication Finance Company (PTF) to AEON Financial Service. This helped enhance the Bank’s capital base and financial capacity for scale expansion, technological investments, while driving sustainable business growth with strategic focus.

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VICTORIA, Seychelles, April 17, 2025 /PRNewswire/ — Bitget, the leading cryptocurrency exchange and Web3 company, has completed the burn for 30 million Bitget Token (BGB) as per its previously shared burn mechanism plan for the quarter. At the time of the burn, this represented a market value of around $130 million and accounts for roughly 2.5% of BGB’s total supply.

Over the past six months, Bitget has destroyed 42.5% of the total BGB supply. This reduction includes 19% from core team holdings, with the remaining 21% sourced from a combination of circulating supply and reserve allocations. The most recent burn is the first in a series of quarterly events that will use 20% of profits from exchange and wallet operations to repurchase and destroy tokens.

The decision to initiate scheduled burns is a maturing approach to tokenomics, especially in the context of BGB’s rapid rise over the past year. As the best-performing centralized exchange (CEX) token over the last twelve months, BGB has shown strong market resilience and growing demand. Its growing utility across trading, and Bitget’s platform strengthens its position in the top tier of exchange-native assets.

“BGB’s growth brings to notice the paradigm shift in how exchange tokens are perceived,” said Gracy Chen, CEO of Bitget. “It is no longer just a tool for fee discounts — BGB is becoming a pillar of a new digital finance architecture. With the best performance among major CEX tokens in the past year, it is emerging as a strategic asset in its own. This burn is a step toward building an ecosystem where value flows more transparently.”

In early 2025, Bitget merged its native Bitget Wallet Token (BWB) with BGB to unify functionality across centralized and decentralized platforms. This consolidation made BGB a bridge between trading infrastructure, on-chain activity, and user incentives, enabling seamless value transmission throughout the ecosystem.

Bitget continues to invest in building a token economy designed for adaptability and long-term relevance. The recent burn event addresses the token’s long-term growth plans, accelerating utility, liquidity, and user empowerment that define the token’s success.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more.

Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

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AHMEDABAD, India and PARIS, April 17, 2025 /PRNewswire/ — Following the announcement of its envisaged tender offer on March 11, 2025, Zydus Lifesciences Limited announces the execution of undertakings from 7 shareholders to tender 2,236,911 Amplitude Surgical shares, representing 4.7% of the company’s capital and voting rights by them.

Considering the 85.6% of the capital that will be acquired by Zydus Lifesciences Limited from PAI Partners, the management of Amplitude Surgical and two minority shareholders, Zydus Lifesciences Limited will be in a position with these undertakings to acquire more than 90% of the capital and voting rights of Amplitude Surgical at the end of the tender offer.

These undertakings to tender 2,236,911 Amplitude Surgical shares, representing 4.7% of the company’s capital and voting rights, may be revoked in the event of a competing tender offer being filed by a third party, declared compliant and opened by the Autorité des marchés financiers.

The acquisition of the 85.6% block is expected to be completed by June 2025 and the draft tender offer will be filed with the Autorité des marchés financiers upon receipt of regulatory approvals. The opening of the tender offer will then be subject to the clearance decision of the Autorité des marchés financiers.

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