Chinese e-commerce giant Alibaba Group and Baring Private Equity Asia have paid $400 million to buy 5.5 per cent stake in The CrownX, retail unit of Vietnamese conglomerate Masan.
The consortium led by the Singaporean 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.
Through a private placement, BIDV will be issuing 603,302,706 shares, equivalent to 15 per cent of its charter capital to Korea’s KEB Hana Bank, raising its chartered capital to VND40.22 trillion ($1.74 trillion
London-listed Symphony International Holdings Limited (Symphony) has acquired a significant minority stake in Vietnam-based Indo Trans Logistics Corporation (ITL).
The Japanese company will also help Minh Phu to achieve further growth through the application of digital technology.
Joint Stock Commercial Bank for Investment and Development of Vietnam has recently announced its specific plan on issuance of 600 million new shares to Korean based KEB Hana Bank to raise its charter capital.
The deal will raise VietinBank Insurance Co., Ltd´s capital to $28.6 million so as to improve its balance sheet and expand its operations.
South Korea's KEB Hana Bank will spend $650-700 million to acquire a 15 per cent stake in BIDV.
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Besides becoming a strategic shareholder, the Japanese multi-sector group Sojitz will be coordinating with its local partner to develop agri-food projects in Vietnam and the region.
Korea’s multi-sector group has spent $470 million on purchasing nearly 110 million treasury shares, equivalent to a 9.5 per cent stake in Masan Group.
Spending over $5.1 million to buy Vietnamese online retailer Tiki's shares, VNG now holds a 29 per cent stake, eight per cent higher than that of the second shareholder JD.com.
A wholly foreign invested joint venture is soon to be established between Fast Retailing, the Uniqlo's owner which holds 70 per cent stake and Mitsubishi Corporation, Japan's largest trading company with 25 per cent stake.
Due to financial difficulties, Phuong Nam Cultural Joint Stock Company will sell the remaining 7.5 per cent stake in CJ CGV Vietnam Company Limited, the largest film distributor and cinema operator in Vietnam, at the expected price of VND101 billion, equivalent to $4.34 million.
Japanese firm Asia Pile Holding, through its member Phan Vu Investment Corporation, will purchase a 51-per cent stake in Fecon Mining Joint Stock Company, the largest pre-stressed concrete pile producer in the north of Vietnam.
