By Nguyen Thi Bich Ngoc
Listing is taking place six years after its IPO.
Cross-border M&A activity has seen a surge in Vietnam with three transactions announced in the past week, including Vinamilk’s takeover of Cambodia-based joint venture Angkormilk, Savills’ merger with hotel advisory firm Alternaty, and DKSH’s acquisition of Vietnamese marketing firm IMA. Vinamilk acquires remaining stake at Angkormilk for more than $10m… Read more »
Global alternative investment firm TPG has reached an agreement to acquire majority stake in Vietnam Australia International School (VAS), as its existing shareholders – Mekong Capital and MAJ Invest – plan to fully divest their stakes in the company. Meanwhile, Pham Tan Nghia, founder of VAS, will continue as a shareholder after… Read more »
It will set up Raffles City in Vietnam.
VNG Corporation picked up 38% in Tiki, valuing it at $45m
ANZ is looking to exit its retail banking operation in Vietnam, and five commercial lenders have submitted bids for the sale, according to local media. The Saigon Times was the first publication to report the news, which said three foreign banking institutions and two Vietnamese lenders were interested (in the… Read more »
Singapore-based developer Keppel Land has increased its ownership in Keppel Land WATCO I to V, by purchasing another 16 per cent equity from the Vietnamese JV partner, Southern Waterborne Transport Corporation. Keppel Land WATCO are a series of joint venture companies that are involved in development of Ho Chi Minh City-based… Read more »
Uber has launched its startup mentorship programme UberEXCHANGE in Vietnam, the ride-hailing app’s first initiative in Southeast Asia and the second globally after India. Uber has started inviting applications for the programme and will accept entries from now till April 2017. The programme will end in August The best startups emerging from… Read more »
2017 appears to the year for state divestments and public issues in Vietnam. Among those stake sales, Saigon Trading Group, also known as SATRA, is said to go for an IPO in the second quarter, and petroleum trading major Petrolimex is contemplating a public listing in April. Saigon Trading Group… Read more »
“VOF will focus on opportunities not available to market participants”