Vingroup to raise $400m by issuing shares to S Korea's Hanwha affiliate

Vingroup to raise $400m by issuing shares to S Korea's Hanwha affiliate

A property developed by Vingroup's subsidiary Vinhomes. Visual from Vinhomes website.

Vietnam’s biggest conglomerate Vingroup JSC has announced that it will raise $400 million by a private placement issue of 84 million preferred shares to Hanwha Asset Management, an affiliate of South Korea’s Hanwha Life Insurance, according to an official release.

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