Vietnam’s Digiworld to list in August

Electronic device distributor Digiworld Corporation will list its share on the Ho Chi Minh City Stock Exchange in August, the company said in a statement.

If the market conditions are favourable, the company’s revenue and profit are set to reach VND7.3 trillion ($339.5 million) and VND178 billion, rising 50 per cent and 39 per cent, respectively. Digiworld hopes to post a minimum of 25 per cent growth in profit, even if the market conditions are not fabourable .

This year, the company has become the exclusive distributor of Obi Mobiles affordable smartphones, developed by former Apple chief executive John Sculley, following a deal with Japan’s Ricoh printing machines.

Obi Mobiles produces smartphones at low prices (often ranging between $70-200), targeting competition with China’s Xiaomi and Lenovo.  Its products are being sold in India, the Middle East and Singapore.

Founded in 1997 initially as Hoang Phuong Company, Digiworld has become the official distributing partner of large global electronic and mobile brands in Vietnam. This  includes brands like Acer, Asus, Dell, HP, Toshiba, Microsoft and Philips.

Last year, it inked contracts with Xiaomi and France’s smartphone producer Wiko, to sell their products in the country.

The mobile device business, which is a high growth segment, is expected to contribute up to 70 per cent of Digiworld’s 2015 sales. Laptops will account for 35 per cent, and the remaining five per cent will come from its office equipment business.

The company has been one of the Vietnam’s 500 largest businesses for eight successive years and has attracted a $5 million investment from private equity firm Mekong Capital’s Mekong Enterprise Fund II, which exited it after five years in 2013.

The company said it will raise the charter capital from the current VND108 billion.

Related stories:

Vietnam based AMD Group to list on Ho Chi Minh City Exchange

Vietnam Enterprise Investment & Development to list 10m shares

Vietnam’s Masan Resources to list on the stock exchange

Vietnam’s Nguyen Kim eyes 20% in Trang Thi Trading and Service

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.