ex. Game, Music, Video, Photography

Singapore firm to invest $60 mln in Vietnam appliance maker

Investment firm Platinum Victory will spend $60 million increasing its stake in Vietnam’s industrial appliance maker REE by 10.11 percent.

Ngày đăng: 20 tháng 9, 2021
Cập nhật: 30 tháng 12, 2022
Lượt xem: 328046550
Nguồn: vnexpress

The Singapore-based company currently holds a 24.9 percent stake in the Refrigeration Electrical Engineering Corporation (REE) and wants to increase the ownership to 35.01 percent, REE said in a recent statement.

Platinum Victory has proposed to pay VND45,000 ($1.95) for each of the 31.3 million shares, which is 18 percent higher than the listed price as of Wednesday morning on the Ho Chi Minh City Stock Exchange.

However, as the foreign ownership in REE has already reached the cap of 49 percent, Platinum Victory will have to buy the additional stake from other foreign investors.

Platinum Victory is a unit of diversified conglomerate Jardine Cycle & Carriage, one of the biggest listed companies in Singapore in terms of market cap.

It is also a major shareholder in Vietnam’s largest dairy firm Vinamilk with a 10.6 percent ownership. Since the end of last year, it has been making moves to acquire more ownership in REE and Vinamilk without success.

Ho Chi Minh City-based REE produces air conditioners and ventilation equipment. It also has interests in real estate and energy.

Its revenue from January to September was VND3.46 trillion ($149.52 million), up 2.9 percent year-on-year.


Từ vựng liên quan

Tin tức liên quan

 HCMC apartment rent revenues plummet amidst Covid-19 pandemic
business 22/03/2021

HCMC apartment rent revenues plummet amidst Covid-19 pandemic

industries | 58436610

Landlords are reporting plunging revenues as occupancy drops and struggling tenants seek discounts over coronavirus impacts.

HSBC expects 7.6 pct surge in Vietnam GDP
business 15/09/2021

HSBC expects 7.6 pct surge in Vietnam GDP

economy | 314216557

Vietnam will grow at 7.6 percent this year, driven by newly signed free trade deals and rising foreign investment, HSBC has forecast.

Hanoi traffic cops learn how to deliver...babies
news 08/09/2021

Hanoi traffic cops learn how to deliver...babies

news | 259806566

Dont't worry, they won't give you a ticket as long as you push hard!

US dismisses China
news 09/09/2021

US dismisses China's claims to waters around Vietnam's Vanguard Bank

news | 270326557

The U.S. has rejected China's claims to most of the South China Sea, including waters surrounding Vietnam's Vanguard Bank.

 Vietnam
news 22/03/2021

Vietnam's top tourist destinations hit by alarming UV levels

news | 52166600

​Tourism hotspots took on a new meaning in Vietnam Wednesday with the ultraviolet index there jumping to “extremely dangerous” levels.

 Artificial Intelligence can help Vietnam tackle cyber attacks better: expert
news 27/03/2021

Artificial Intelligence can help Vietnam tackle cyber attacks better: expert

news | 98556623

Artificial intelligence can close cybersecurity loopholes by anticipating threats and taking protective measures in time, an expert says.

Lao man arrested with 60,000 ecstasy pills in central Vietnam
news 22/09/2021

Lao man arrested with 60,000 ecstasy pills in central Vietnam

news | 333876555

A Lao man was caught with 60,000 ecstasy pills intended for the Vietnamese market in the border province of Quang Tri on Sunday.

 Cash-strapped V. League club unable to muster team ahead of new season
sports 30/03/2021

Cash-strapped V. League club unable to muster team ahead of new season

football | 166116592

As a new V. League season looms, Than Quang Ninh club faces an existential crisis with no money and only 12 players left.

Hanoi, Ho Chi Minh City listed as foreign investment magnets
business 20/09/2021

Hanoi, Ho Chi Minh City listed as foreign investment magnets

business | 329926558

Vietnam received an estimated $18.1 billion in new FDI pledges from January to November this year.

 Hanoi allows barbershops, malls, on-site workers
news 21/09/2021

Hanoi allows barbershops, malls, on-site workers

news | 330886568

Hanoi will relax its social distancing order starting Tuesday, reopening malls, barbershops and allowing business to resume on-site operations at 50 percent capacity.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…