Singapore’s GIC-led consortium invests $500 million in VinCommerce
InvestmentThe consortium led by GIC, Singapore’s sovereign wealth fund, has collectively invested $500 million (VND11.6 trillion) for a minority stake in VCM Services and Trading Development JSC, a consumer retail arm of Vingroup.
M&A deals riding high in real estate
InvestmentThe merger and acquisition (M&A) market since last summer has witnessed a surprising switch among top segments, with major activities in real estate overcoming consumer goods, leading to positive signs for the market for the next 12 months.
SK Group targets Vietnam’s environmental industry and announces new innovation centre
InvestmentSK Group, the third largest conglomerate in the Republic of Korea, aimed to become a leader in the environmental sector and announced its plan to fund 30 million USD for Vietnam’s National Innovation Centre (NIC).
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
