Search Results for:Nguyen Thi Bich Ngoc
Ngoc Nguyen is the Vietnamese correspondent for DEAL STREET ASIA. She has four years of experience in the journalism industry before heading for DEAL STREET ASIA, tracking movements of the Vietnamese stock market.
A graduate of the Foreign Trade University with economics knowledge and the love for writing, she joined the monthly magazine Vietnam Financial Review and then Vietnam’s only English language daily newspapers, Viet Nam News. She has also worked as a freelancer for the thoibaotaichinhvietnam.vn, translating global financial news into Vietnamese.
The success of this divestment appears to be unpredictable because the price is 73 per cent higher than that suggested by advisors for the deal – besides, it has has raised questions as to who would buy such a huge amount of shares.
The state currently holds nearly 90 per cent in Sabeco.
The country might not be able to reach its target of privatising 44 state companies this year.
The Hong Kong investor did not divulge transaction details. Vntrip had earlier announced it had raised $10 million.
HDBank is hoping to raise up to $300 million, with a target to list in the first quarter of 2018.
The sale is expected to be closed in the first quarter of 2018.
Hong Kong’s Jardine Matheson and Singapore-listed Fraser and Neave (F&N) are both likely to up their stakes.
InCorp was founded in 2015 and is backed by European private equity firm EQT through its EQT Mid Market Fund.
The disposed shares represent more than half of KKR’s holding as at the end of September.
More VC funds are looking at Vietnam at the moment because the ecosystem is very promising