By Nguyen Thi Bich Ngoc
Japanese venture capital Genesia Ventures said it has completed an undisclosed investment in six-month-old house rental startup Luxstay. This is the first venture capital funding round the company has received, an executive with the firm told DEALSTREETASIA. Luxstay allows customers to rent short-term villas, apartments and high-end homestays owned by… Read more »
New market developments in the Vietnam real estate industry have seen VinaCapital exit the Hanoi-based mixed-use project, called Times Square, selling to Elite Capital Resources Limited. Meanwhile, banking institution LienVietPostBank has decided to purchase bonds of Sacomreal for VND500 billion. VinaLand exits abandoned project Times Square for $41m VinaLand Limited, the… Read more »
It bagged series A of $1.8 million from IT-Farm.
South Korean conglomerate Taekwang is mulling an acquisition of Vietnam’s largest logistics firm Gemadept as it looks to fortify its logistics chain in the Southeast Asian region, the Korea Economic Daily reported. The newswire cited industry sources saying that Taekwang had submitted a letter of intent to purchase shares of the Vietnamese… Read more »
Marks fifth investment by Mekong Enterprise Fund III
The two JVs to have a total initial charter capital of $10 million.
This will adjust the ownership interest in the SuperFoods Group to 60 per cent held by Jollibee.
Funding is part of $100-million follow-up round.
The firm has invited 15 investors to participate in its privatisation process.
Carlsberg holds a 17.5% stake in Habeco currently.