In a few deals in the region, Thai Beverage Pcl has acquired the remaining 49 per cent interest in Vietnam F&B Alliance Investment Joint Stock Company for VND98 million ($4,321) while enterprise procurement solutions firm Onelinkplus, a subsidiary of Fosun Group, are forming a procurement joint venture company with Chinese enterprise non-core procurement platform EasyPnP.
Thai Beverage buys out Vietnamese consultancy
Thai Beverage Pcl, a manufacturer of Chang beer and branded spirits in Thailand, has acquired the remaining 49 per cent interest in Vietnam F&B Alliance Investment Joint Stock Company for VND98 million ($4,321).
Thai Beverage said in a regulatory filing on Wednesday evening that its wholly-owned subsidiary BeerCo purchased the shares from a third party shareholder. Upon the transaction’s completion, Vietnam F&B becomes an indirect subsidiary of Thai Beverage.
The acquisition was funded using internally generated cashflow and is not expected to have any material adverse impact on the earnings per share or the net tangible assets per share of THBEV for this current financial year.
Vietnam F&B, incorporated in September 2017, is the management consultancy and investment firm. It has a charter capital of VND200 million, consisting of 20,000 shares with a par value of VND10,000 each.
Fosun unit forms JV with EasyPnP
Enterprise procurement solutions firm Onelinkplus, a subsidiary of investment management giant Fosun Group, has agreed to form a procurement joint venture company with Chinese enterprise non-core procurement platform EasyPnP.
Fosun International’s executive director, senior VP and CEO Can Wang said the JV will leverage Onelinkplus’ integrated platform and EasyPnP’s professional capabilities to provide cost-effective enterprise procurement services across Fosun Group.
“We look forward to working together to provide high quality products and services to companies within the Fosun Group and helping them both reduce procurement costs, and increase management efficiency,” Wang said.
Some of the JV’s targets are to provide cost-effective enterprise procurement services, including printed materials, gifts, office supplies, office furniture, and packaging supplies, for portfolio companies within the Fosun Group.