By Nguyen Thi Bich Ngoc
Song Da failed to meet the target of conducting an IPO in 2016.
To approach Topica, Captii and Golden Gate Ventures for partnership.
Captii Ventures has so far invested in 11 cos in region, including 3 from Vietnam.
Vietnam is second most attractive destination for PE firms in ASEAN.
Genesia recently invested in another Vietnamese startup, Luxstay.
The valuation will form the basis for calculating the share price of Binh Son.
US-headquartered Vemanti Group, a diversified holding company, has entered into an agreement to acquire a majority stake in Ho Chi Minh City-based tech firm Two Group JSC. The deal is seen as a first step for the American firm towards making strategic investments in Vietnam and the rest of Southeast Asia. Vemanti will… Read more »
Vietnam-based property developer FLC Group will establish a wholly-owned airline subsidiary, headquartered in Hanoi, after Malaysia’s AirAsia planned a low-cost carrier in Vietnam and Vietjet successfully raised money from investors. The company, named Viet Bamboo Airlines, will have a charter capital of VND700 billion ($31 million), a qualified mark for… Read more »
Vietnam’s PM Nguyen Xuan Phuc signed an agreement during his US visit
PetroVietnam Oil (PV Oil), Vietnam’s sole crude oil exporter, has increased the percentage of state divestment to almost 65 per cent, from an earlier fixed limit of 55 per cent. Accordingly, the parent group, PetroVietnam – representing the state ownership, will hold only 35.1 per cent equity interest in the… Read more »