By Nguyen Thi Bich Ngoc
WisePass plans to expand to Bangkok, Singapore and Hong Kong by early next year.
In a bid to raise more operational capital, Vietnam’s mid-size lender LienVietPostBank is selling a 25 per cent equity interest to a foreign strategic investor. Meanwhile, Joomla template and extension developer JoomlArt has acquired a foreign company in the same vertical. LienVietPostBank in talks to sell 25% strategic stake Vietnamese… Read more »
The new advisors will help decide on the starting price for the auction and connect to domestic and international investors.
Interested buyers include private equity firms and financial services companies.
Uber entered this Southeast Asian country in 2014 along the same time as Grab and EasyTaxi.
Vietnam will potentially see another acquisition by a South Korean conglomerate, as Lotte Group’s credit card arm is in the process of buying the entire shares in TechcomFinance. Meanwhile, Philippine Aboitiz Group’s food unit Pilmico, after announcing its acquisition of Eurofeed more than two months ago, has said the deal… Read more »
Its latest exit was from investments in agricultural company Loc Troi Group.
Vincom Retail’s planned IPO could fetch as much as $600 million.
Vietnam is expected to see more acquisitions by South Korean companies. CJ Logistics has said it is still interested in purchasing a stake in Vietnam’s leading logistics company, Gemadept, while KB Securities has reportedly signed a contract to take control of Maritime Securities. CJ keen on acquiring logistics company Gemadept… Read more »
The IPO is slated for completion by the end of this year.