S. Korea SK Group chips US$1 billion buying Vingroup shares
InvestmentSouth Korean SK Group starts to expand its presence in Southeast Asia and purchase Vingroup’s 154.3 million shares through private placement and others 51.4 million shares from Vingroup’s retail arm VinCommerce, totaled VND23.3 trillion, roughly US$1 billion. Deal to come under a strategic partnership signed on May 16.
Vingroup to be invested US$1 billion through private shares
InvestmentVietnam’s real estate-retail-tech giant Vingroup has announced plan of issuing shares through private placement, aiming to raise at least VND25 trillion (US$1.1 billion). Conglomerate SK Group of the Republic of Korea (RoK) is highly interested, according to Bloomberg
