M&A NEWSLETTER
1)?Major shareholder of MCP sells more than 20% of capital
On October 11, 2024, a major shareholder of My Chau Printing and Packaging JSC (HOSE: MCP) sold more than 20% of its capital.
A major shareholder of M? Chau Printing and Packaging Corporation (MCP) has sold over 20% of its shares. Specifically, Asia Pearl Corporation divested more than 3 million shares, reducing its ownership from 24.67% to 4.58%. Following this sale, Asia Pearl is no longer a major shareholder. The transaction was worth approximately 91 billion VND, completed through a negotiated deal on October 11, 2024.
2) Masan Horizon wants to increase ownership at MSR (Masan High – Tech Materials) to nearly 95%
Masan Horizon - the parent company owning 86.39% of Masan High-Tech Materials (UPCoM: MSR ) - registered to buy nearly 94 million more MSR shares , expected to increase ownership to 94.94%.
Masan Horizon, the parent company of Masan High-Tech Materials (MSR), plans to increase its ownership from 86.39% to nearly 95%. It has registered to purchase an additional 94 million shares. This move comes as MSR's stock is trading at a relatively low price. If successful, the transaction could cost Masan Horizon about 1,184 billion VND, based on the current stock value.
3)?Having joined hands with Vingroup, a company with revenue of nearly 100 billion USD spent 7,500 billion VND to buy a company in Vietnam.
A leading Korean corporation spent 300 million USD (about more than 7,500 billion VND) to buy shares of a semiconductor company in Vietnam.
SK Group, a major South Korean conglomerate, invested $300 million to acquire shares in ISCVina, a semiconductor company based in V?nh Phúc, Vietnam. This is part of SK Group's expanding interest in Vietnam's high-tech industry. The group has previously made significant investments in Vietnam, including a $1 billion stake in Vingroup and $470 million in Masan. SK Group aims to capitalize on Vietnam's growing semiconductor sector and other high-tech industries.
4)?Vingroup may sell shares in VinBrain to Nvidia?
According to Tech in Asia, Vingroup is looking to sell its shares in VinBrain and VinAI. The buyer could be Nvidia, the US chip giant. Nvidia CEO Jensen Huang is expected to visit Vietnam in November.
Vingroup is reportedly considering selling its shares in VinBrain and VinAI, with Nvidia as a potential buyer. Nvidia, the U.S. semiconductor giant, is currently in discussions to acquire VinBrain, an AI healthcare solutions company. CEO Jensen Huang is expected to visit Vietnam in November 2024, and this acquisition could be a highlight of his visit. Vingroup holds 49.74% of VinBrain and 65% of VinAI.
5)?Dong Hai Ben Tre (DHC) spent more than 4.37 billion VND to receive the transfer of shares from Giao Long Paper.
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DHC will receive the transfer of nearly 400,000 shares of Giao Long Paper at a price of VND 11,000/share.
??ng H?i B?n Tre (DHC) is acquiring nearly 400,000 shares of Giao Long Paper at 11,000 VND per share, amounting to over 4.37 billion VND. This purchase will increase DHC’s stake in Giao Long to 35.79 million shares. DHC, a former state-owned enterprise specialized in industrial paper and carton, reported 1,827 billion VND in revenue in the first half of 2024, with a 35% decrease in profit compared to the previous year. The transaction is set to complete by October 31, 2024.
?6)??? Sabeco's 'huge' deal is coming soon
TPO - Saigon Beer Alcohol Beverage Corporation will spend more than VND830 billion to publicly buy more than 37.8 million SBB shares of Saigon - Binh Tay Beer Group Joint Stock Company and spend more than VND100 billion to buy more than 2 million WSB shares of Saigon - Western Beer Joint Stock Company.
Sabeco plans a major acquisition, aiming to spend over 830 billion VND to purchase more than 37.8 million shares of Sabibeco (SBB), increasing its stake to 59.6%. Sabeco will also buy an additional 2 million shares in Saigon Beer Western (WSB) for over 100 billion VND, raising its ownership to 84.46%. This strategy aligns with Sabeco's business expansion goals.
7)? Singapore's M1 acquires 70 per cent stake in Vietnam’s ADG
M1 Limited (M1), a leading telecommunications provider in Singapore, announced on October 29 that it has signed an agreement to acquire a 70 per cent stake in ADG National Investment and Technology Development Corp (ADG), a prominent Information Technology (IT) solutions provider based in Vietnam.
M1 Limited, a Singaporean telecom firm, has acquired a 70% stake in Vietnam's ADG National Investment and Technology Development Corp for approximately $28.4 million. This strategic acquisition allows M1 to expand its presence in Vietnam’s growing IT sector, leveraging ADG’s robust network and expertise in delivering tech solutions to local businesses. The partnership will integrate M1’s advanced telecom technology with ADG’s market experience to enhance digital transformation offerings in the region, with the deal set to finalize by Q1 2025.
8)? Japanese groups accelerate their M&A activities in Vietnam
In recent years, dealmaking activities between Vietnam and Japan have grown significantly. Japan has become one of the leading countries investing in Vietnam, with billions of US dollars poured on an annual basis. Japanese capital is now present in 57 out of 63 provinces throughout the country, with major concentrations in Ho Chi Minh City and Hanoi.
Japanese companies are increasing their mergers and acquisitions (M&A) activities in Vietnam, driven by opportunities in sectors like manufacturing, retail, and financial services. Companies like Sumitomo, AEON, and Mitsubishi are particularly active, looking to expand their presence and invest in the fast-growing Vietnamese market. These moves are part of broader strategies to benefit from Vietnam’s stable economic outlook and its role as a manufacturing hub in Asia.
9)?M&A figures can be rejuvenated through stability
Mergers and acquisitions activity saw a decline during the first nine months of 2024, as rising inflation and economic slowdowns affected dealmaking confidence. Masataka “Sam” Yoshida, head of the Cross-border Division of RECOF Corporation, spoke with VIR’s Thanh Van about how this trend is expected to be temporary.
Mergers and acquisitions (M&A) in Vietnam declined in the first nine months of 2024 due to rising inflation and global economic slowdown. However, this trend is expected to be temporary as inflation stabilizes and monetary policies ease. Key drivers of recovery include Vietnam’s strong GDP growth forecast and the expanding AI, semiconductor, and data center sectors. Japanese companies remain active in Vietnam, especially in manufacturing and technology. Improved regulatory frameworks and foreign investment incentives are also expected to boost M&A activities.