The SK Group of Korea plans to invest in Vingroup of Vietnam through the investment of SK South East Asia, as of April.
Bloomberg Guide sheet information Maeil Business South Korea said SK Group decided to invest 1,000 million dollars in shares of Vingroup (securities code: VIC). It is anticipated that the investment will be made through the investment of SK South East Asia, which takes place as early as next month.
Vingroup recently announced a private placement, with the objective of mobilizing at least 25,000 million VND (equivalent to almost 1,100 million US dollars). Vingroup intends to sell 250 million shares separately (equivalent to 7.8% of outstanding shares) to a maximum of 5 foreign institutional investors, at a price no less than 100,000 VND per share. .
The result of this offer will be used by Vingroup to spend 10,000 million VND to restructure the loan, investment of 6,000 million VND (VinFast, VinTech, Vinsmart), 9,000 million VND for business activities, short-term financing for companies and subsidiaries.
On the stock market, the VIC code of Vingroup is traded at around 120,000 VND per share, the highest level from the list (according to the adjusted market price) and about 20% higher than the minimum price of this version. Vingroup is also the company with the highest market capitalization value with the value at the beginning of the morning of March 22, reaching more than 377,000 million dollars, equivalent to more than 16,000 million dollars.
Just before the investment in Vingroup, the SK group in September 2018 spent 470 million dollars to buy all about 110 million stock shares of Masan Group, equivalent to 9.5% of the total of # 39 ; shares with a vote.
Minh Son, Reports on VNE