By Nguyen Thi Bich Ngoc
In a couple of cross-border deals and investment news, South Korea conglomerate CJ Corp has acquired 65 per cent in Minh Dat Food while Hong Kong-based gaming services provider Success Dragon has dropped its plans to operate in Vietnam. CJ takes majority stake at Minh Dat Foods CJ Corp is acquiring… Read more »
As IPP nears an end, it aims to transfer Finnish innovation to local partners
This marks the 2nd time that KKR is involved in a partnership with Masan Group.
Gumin Co Ltd will hold 69.9% stake in the JV.
Canada’s Sun Life Financial has acquired 25 per cent equity of Crescent Asia Limited, the holding company of Global Online Financial Solutions (GOFS), which operates Vietnam’s first digital bank Timo, and forged a three-year partnership in insurtech with GOFS. The partnership will be implemented directly through the insurer’s Vietnam-based unit. Timo… Read more »
DSA had earlier reported that VIGroup had led a $2m series A round in it
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.