After the deal, IFC and major strategic shareholder HDI Global SE will hold more than 54 per cent of the voting rights in PVI Holdings.
Korea Investment Trust Management Co., Limited has raised billions of dollars to invest in Vietnam's stock market since late last year, but the market has not maintained the growth as expected.
Start-ups will be provided with loans from the small and medium enterprise development fund with interest rates not exceeding 80 per cent of the lowest levels at commercial banks in which the State owns over 50 per cent of capital.
VinaCapital affirmed that taking over Ba Huan Joint Stock Company has never been its intention or a part of its business strategies.
Investment funds managed by VinaCapital and Dragon Capital have been continually investing in Century Land Joint Stock Company (CenLand), which is valued at $84 million.
The United Capital Management Joint Stock Company (Unicap) which manages investment funds will provide financial services to FLC and Faros in the near future.
According to Hiroyuki Ono from ACA Investments, a Japanese fund manager under the Sumitomo Group, Vietnam market is more attractive to Japanese enterprises than Thailand and Indonesia.
Publication permit No. 348/GP-BTTTT dated July 19, 2017, granted by the Ministry of Information and Communications of the Socialist Republic of Vietnam
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