By Nguyen Thi Bich Ngoc
Vietnam’s co-working space operator Toong will be launching its first outlet in Ho Chi Minh City early next year, in partnership with Singapore-based CapitaLand, after aggressively opening four co-working spaces in Hanoi and Danang, leveraged by the seven-digit funding in March this year.
“In a difficult market dominated by funds outflows, SCIC managed to sell $500 million of Vinamilk shares. This transaction is the biggest stake sell-down in Southeast Asia this year.”
Vietnamese budget airline VietJet is set to price its initial public offering at 84,400 dong per share, just below the middle of its marketing range, four sources close to the transaction said – a price that would raise $170 million. The offering of 44.7 million shares values the country’s only… Read more »
Under the partnership, Triip’s new booking practice will offer frequent travelers the lowest rate on hotel rooms, free international phone access through Flexiroam, as well as honouring travelers’ reward status achieved on other websites.
Each of F&N’s subsidiaries, bought 2.7 per cent of Vinamilk at the given starting price of VND144,000 apiece during the dairy giant’s public auction on December 12, which saw no interest from other investors.
The Vietnamese government will likely fail to sell much of the 9 percent stake it has offered in dairy firm Vinamilk, one of its most attractive assets, with investors put off by highly restrictive investment caps and unfavourable market conditions. The State Capital Investment Corporation (SCIC), which represents the government’s… Read more »
“If you build something that is technically defensible, you’ll have a better chance on selling your products and services to the region and beyond.”
Last year, the Vietnam fund manager announced partnership with Hong Kong diversified group Chow Tai Fook and Macau-based junket operator Suncity Group as it diluted its holding in the mixed-use development.
DEALSTREETASIA had earlier reported that the group will spend $50 million every year for the acquisition purpose in foreign markets, including the US, Japan and European countries.
Vietnam based Masan Group intends to sell $300 million worth of US dollar-dominated bonds in Singapore as well as sell new shares, while Amigo Technologies will be acquired by Credit China Fintech in a $12.73 million deal. Chinese fintech major plans $12.73m acquisition of Amigo Technologies Credit China Fintech Holdings… Read more »