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Hanwha

Korean Hanwha fund spends $400 million acquiring Vingroup's preference shares

Vingroup has just announced an issuance of 84 million preference shares on a private offering basis to Hanwha Vietnam Opportunity Fund 1, which is invested by Hanwha Asset Management Co., Ltd. of Hanwha Group, with the total issuance value of over VND9,300 billion ($400 million).

Korean firm acquires TNR Tower in HCMC

Korean business media have confirmed that Korea-based Hanwha Life Insurance Co.(Hanwha) is providing funds for Seoul-based Koramco Asset Management Co. (Koramco) to acquire TNR Tower Nguyen Cong Tru for a selling price of US$62 million.

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