Yuanta Financial Holdings Co. Ltd. said that its unit Yuanta Securities Vietnam Joint Stock Co. will become a limited company.

Due to the move, the unit's name will be changed to Yuanta Securities Vietnam Ltd. Co., according to a Jan. 7 stock exchange filing.

In addition, Yuanta Securities Vietnam will amend its company charter to add new business lines. The new business lines are the trading of derivative securities, as well as the settlement or clearing of derivative securities transactions.

The transformation to a limited company and the addition of business lines were approved by Yuanta Securities Vietnam's shareholders, but are still subject to approval from regulatory authorities.