<article>Nova Buildings Group, a pre-engineered buildings unit related to Singapore-based investment firm <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/fintonia-group/">Fintonia Group</a>, has completed the takeover of BlueScope Buildings’ key fabrication assets in southern Vietnam.</article>

Nova Buildings Group, a pre-engineered buildings unit related to Singapore-based investment firm <a style="color: #000080;" href="https://www.dealstreetasia.com/tag/fintonia-group/">Fintonia Group</a>, has completed the takeover of BlueScope Buildings’ key fabrication assets in southern Vietnam.
Located in Bien Hoa City, about 30 km from Ho Chi Minh City, the fabrication plant will serve as Nova Buildings’ key manufacturing hub for supply of pre-engineered buildings across Southeast Asia, the Singapore firm said in a statement.
Nova Buildings is a newly-established entity led by a group of management professionals previously from BlueScope. The company provides steel, building products, pre-engineered buildings and multinational construction services in the region, with subsidiaries in Indonesia, Malaysia, Thailand and Vietnam.
“Nova Buildings is supported by several prominent companies in the construction industry. This certainly is an affirmation of the founding management team, and the synergy with our investors in regional market expansion in a high growth construction industry in southeast Asia”, said Cheong Ku Wei, CEO of Nova Buildings.
The Vietnam-based plant is scheduled to commence operation in the new year, according to the statement.
Melbourne-based BlueScope Steel entered Vietnam in 1993 and then formed a local joint venture with Japan’s Nippon Steel &amp; Sumitomo Metal Corp. The Australian group has invested in three facilities across Vietnam with a total investment of $130 million.
Fintonia Group mainly invests in fintech companies in Southeast Asia and Hong Kong. Its leadership team includes Adrian Chng, former CFO Asia and vice president for BlueScope.

Nova Buildings Group, a pre-engineered buildings unit related to Singapore-based investment firm Fintonia Group, has completed the takeover of BlueScope Buildings’ key fabrication assets in southern Vietnam.

Nova Buildings acquires BlueScope's fabrication assets in Vietnam

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Nova Buildings acquires BlueScope's fabrication assets in Vietnam

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