By Mai Nguyen
The proceeds exceeded the government’s plan to raise at least $155 million from the sale.
Chris Freund, Founder and Partner at Mekong Capital, says, “the companies that successfully implement omnichannel retailing will be most successful.”
Upon completion of the deal, JD.com will become one of Tiki’s largest shareholders.
PVOIL, a PetroVietnam subsidiary, plans to offer 20% of its shares in an IPO on January 25, and another 44.72% stake to strategic investors through a private placement.
Dempsey Hill Asia Fund has transferred a million shares in Mobile World Investment JSC (MWG) to four foreign funds.
Binh Son Refining and Petrochemical (BSR), Petro Vietnam Oil Corporation (PV Oil) and PetroVietnam Power Corporation (PV Power) will all conduct an IPO in January.
ACB’s shares were trading at around VND40,000/share on Hanoi Exchange, valuing the sale at about $263.2m.
Quan Ut Ut and BiaCraft restaurant chains have been present in Vietnam since 2014 with 4 branches in HCMC.
Vietnam is now actively blipping on the radar of venture capital investors who are scouting for deals in Southeast Asia.
The latest transaction brings its aggregate equity financing to nearly $5 million.