By Nguyen Thi Bich Ngoc
VinaLand acquired the project, an 84-hectare parcel of land designed for a future residential-township, in 2007.
The carrier — which sold an 8.8 percent stake to ANA Holdings Inc. last year for $108 million — is discussing the sale of another 4.1 percent stake as early as this month.
VOF will continue to scout for firms valued between $100 million and $500 million to make investments in the $10-50 million range.
With a valuation of over $3.4b, it becomes Vietnam’s eighth largest listed co.
This is the second potential bidder for the Vietnam brewer that has said its valuation is expensive.
The digital payment business is about more than just building an ecosystem, he said.
The sale is part of the government’s drive to privatise state-owned enterprises to improve their performances.
The budget carrier’s $170-million IPO was the biggest and first internationally marketed transaction by a Vietnamese firm
It claims this will be the first ICO in the STEAM (Science, Technology, Engineering, Art and Mathematics) industry.
Suncity will acquire the 34% interest from GYE’s ownership of the proposed casino complex