Market Summary
After a long Lunar New Year holidays, the market has been reactivated with numerous transactions in various industries including Financial Services (USD 1,587.1m), Real Estate (USD 422.9m), Technology (USD 26.6m), Energy & Utilities (USD 9.7m), Consumer & Retail (USD 7.7m).
There were 2 transactions of 2 major names in Vietnam: Vietnam Prosperity Joint Stock Commercial Bank (VPB) and Novaland Investment JSC (Novaland). VPB announced a private placement of c.USD 1,540.1m from Sumitomo Mitsui Banking Corp in its new equity round. Novaland announced that they would issued 975 million shares and expect to receive a gross proceed of c.USD 418.3m.
Aggregate Deals Value = USD2,057.0m
This month's top deals
Financial Services
VPBank announces agreement to newly issue 15% of its charter capital to Japan’s SMBC
The investment from SMBC will help the bank raise VND35.9 trillion (the price per share is VND30,160), or approximately USD1.5 billion, of Tier 1 capital, increasing its owner equity to approximately VND140 trillion from VND103.5 trillion. This comes as part of the capital raising plan that VPBank has been implementing during 2022-2023 in order to enhance its long-term financial strength and support the bank to reach ambitious growth strategy over the next five years.
Article link: Sumitomo Mitsui Banking Corp subscribes to 15% shares in Vietnam Prosperity Joint Stock Commercial Bank
F88 raises c.USD 50 million in its series C round
F88 Investment Joint Stock Company (F88) that it successfully raised a series C investment of US$50 million. The two main investors in this round are Việt Nam-Oman Investment Fund (VOI) and Mekong Enterprise Fund IV (MEF IV). The fresh funds will be invested in technology, data analytics and data science, brand building and acquiring new customers, developing human resources, and attracting new talents.
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Real Estate
Novaland announced an issuance of 975 million shares at a price per share not lower than VND 10,000
Novaland Investment Joint Stock Company announced a private placement of 975,000,000 shares at an issue price of VND 10,000 for a gross proceeds of VND 9,750 billion on March 11, 2023. The transaction will include participation from professional securities investors and strategic investors.
Novaland Investment Joint Stock Company will use the proceeds to restructure debts and paying off the group's due debts; implementation of projects in which its subsidiaries are investors; payment of taxes and fees to the state; and replenishment of working capital.; redemption/repayment of debt securities.
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Novaland announced an issuance of 975 million shares
Transport and Industry Development Investment Joint Stock Company (HOSE:TCD) sold 22.2% its shareholding in Helios Service and Investment Joint Stock Company
577 Investment Corporation (HOSE:NBB) a will repurchase 500,000 shares, representing 0.50% of the outstanding shares for VND 7,475 million.
Technology
Lotes Co., Ltd subscribes TWD 750 million to Lotes Vietnam Company Ltd
Lotes Vietnam Company Limited announced a private placement of common shares for the gross proceeds of TWD 750,000,000 on March 21, 2023. The transaction will include participation from Lotes Co., Ltd. The transaction has been approved by the shareholders of the company.
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Lotes Co., Ltd subscribes TWD 750 million to Lotes Vietnam Company Ltd
Medigo Software Company Limited announced that it has received $2 million in series A from East Ventures and Pavilion Partners Ltd
Energy & Utilities
AMECC Mechanical Construction Joint Stock Company announced an issuance of 22,164,135 common shares at a price of VND 10,000 per share
AMECC Mechanical Construction Joint Stock Company announced that it has issued 22,164,135 common shares at a price of VND 10,000 per share for the gross proceeds of VND 221,641,350,000 on March 20, 2023. The transaction included participation from returning investor Sankyu Inc. for 10,030,000 shares and individual investors, Nguyen Van Tho for 6,252,135 shares and Nguyen Van Nghia for 5,882,000 shares. The company has paid consulting fees of VND 185,075,600 as total expenses. Prior completion, Sankyu Inc. owns 11,000,000 shares, Nguyen Van Tho owns 5,202,479 shares and Nguyen Van Nghia owns 4,510,000 shares. Post completion, Sankyu Inc. owns 21,030,000 shares representing 35.05% stake, Nguyen Van Tho owns 11,454,614 shares representing 19.09% stake and Nguyen Van Nghia owns 10,392,000 shares representing 17.32% stake.
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Amata B.Grimm Vietnam Company Limited acquired Lotuscom Limited Liability Company from Tran Viet Dung for VND 4.8 billion
Consumer & Retail
Hang Xanh Motors Service Joint Stock Company announced that it expects to receive VND 150 billion in funding
Hang Xanh Motors Service Joint Stock Company announced a private placement of charter capital for the gross proceeds of VND 150,000,000,000 on March 2, 2023. The transaction has been approved by the board of directors of the company.
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Ben Tre Packaging One Member Company Limited will increase its registered capital from VND 150,000,000,000 to VND 180,000,000,000
Note: Deal values only include disclosed completed deals with amounts restricted to the local scene i.e., amounts related to the Vietnam entity and/or business. Rumored deals are not included. Cross-posted deals are also adjusted to avoid double count.
Exchange rate: USD1.00 = VND23,310.00 as of March 31, 2023.
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