GIC-led consortium invests $203m in Vingroup's hospital chain Vinmec

A consortium led by Singapore sovereign fund GIC is acquiring a minority stake in Vietnam-based private hospital operator Vinmec, part of the conglomerate Vingroup, for 4.7 trillion dong ($203 million).

Vinmec will use the proceeds to expand its medical network, according to a statement. Vingroup will continue to be the sole controlling shareholder of VMC, the company behind Vinmec, following the transaction, it said.

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