In particular, preferred shares were issued at VND110,976 per share ($4.77 per share). All issued shares will be restricted within one year upon the completion of the offering.
In this transaction, Credit Suisse (Singapore) Ltd is the financial advisor to Vingroup.
Prior to this transaction, Vingroup has a charter capital of VND31,926 billion ($1.4 billion), which is equal to more than 3.19 billion of ordinary shares.
Hanwha Asset Management Co., Ltd. is a property management company owned by Hanwha Life Insurance, which manages assets for its parent company, Hanwha Life Insurance Company and other institutional and individual investors.
It is also one of the top three asset management companies in Korea, with a total managed assets of $80 billion.
Hanwha Group is one of the 10 largest corporations in Korea and is in the top 500 largest economic groups in the world. By the end of 2017, the group has a network of 325 members worldwide. Hanwha operates in a wide variety of fields, including chemicals, energy, aerospace and financial services.