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Search resuls for: "Yantoultra Ngui Phuong Nguyen Anshuman Daga"


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☆ Exclusive: Vietnam's Vincom Retail in stake sale talks with strategic investors - sources
  + stars: | 2023-03-29 | by ( Yantoultra Ngui Phuong Nguyen Anshuman Daga | Yantoultra Ngui | Phuong Nguyen | ) www.reuters.com   time to read: +2 min
SINGAPORE/HANOI, March 29 (Reuters) - Vietnam's largest conglomerate, Vingroup (VIC.HM), is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors, five sources told Reuters on Wednesday. Vincom Retail (VRE.HM), Vietnam's biggest shopping mall operator, which is nearly 60% controlled by Vingroup, commands a market value of $2.8 billion. The sources said Thailand's biggest retailer Central Group and other companies are in negotiations to buy a stake in Vincom Retail. Vincom Retail owns 83 shopping malls in Vietnam - a country that grew at 8% last year and emerged as Asia's fastest growing economy. Vincom Retail, which was spun off from Vingroup, listed on the local stock exchange in 2017.
☆ Exclusive: Singapore's CapitaLand in talks to buy Vietnam property assets from Vinhomes - sources
  + stars: | 2023-03-17 | by ( Yantoultra Ngui Phuong Nguyen Anshuman Daga | Yantoultra Ngui | Phuong Nguyen | ) www.reuters.com   time to read: +3 min
SINGAPORE/HANOI, March 17 (Reuters) - Asian real estate giant CapitaLand Group is in talks to acquire assets worth roughly $1.5 billion from Vietnam's biggest listed property firm Vinhomes JSC (VHM.HM), two sources familiar with the matter told Reuters. A deal of that size would mark one of the largest real estate transactions in Southeast Asia in the last few years. The talks come as Vietnam's property sector is struggling with a cash crunch following an anti-graft campaign launched by the government last year. Vinhomes, Vietnam's biggest real estate developer by market capitalization, is part of Vingroup (VIC.HM), the country's largest conglomerate. Shares of Vinhomes have lost 10% so far this year, after tumbling 40% in 2022 as the property crisis deepened.
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