Market summary
February was a slow month with a total deal size of USD386m, mostly due to Tet holiday when businesses put their feet on the brake
The Financial sector was the key contributor with USD196m, mainly coming from the public offering of stock trading company VIX
Real Estate market is the next highest contributor with USD91m, led by the private placement of USD44m of Transport and Industry Development Investment JSC and the USD32m M&A between developer Sunshine Homes and construction company Xuan La
Energy sector saw Bamboo Capital raising USD52m after its latest private placement
Aggregate Deal Values = USD386m
This month’s top deals
Technology
Looking Glass Labs to Acquire Development Division of LACA Solutions and Establishes APAC Web3 Office
Looking Glass Labs Ltd. a leading Web3 platform specializing in non-fungible token ("NFT") architecture, immersive metaverse environments, play-to-earn tokenization, and virtual asset royalty streams, is pleased to announce it has entered into a letter of intent ("LOI") to acquire the Development Division of LACA Solutions Corporation ("LACA"). The Development Division contains certain proprietary technologies and intellectual property, as well as the employment contracts of 13 talented individuals equipped with over 140 years of combined experience in gaming, programming and Web3 applications.
Summoners Arena officially closed the seed round with 3 million USD
Summoners Arena announced that it has received $3,000,000 in a round of funding led by new investor Pantera Advisors LLC on February 11, 2022. The transaction also included participation from new investors Coinbase Ventures, GuildFi, Cosmic Guild, Coin98 Ventures, 99 Duxton Pte. Ltd., Impossible Finance, Kyros Ventures, Unique chain technology, Circle of merit, Istari Ventures, Kyber Ventures and other investors.
App of Baemin's former COO raised 3 million USD
RINO (Fansipan Technologies) announced that it has received $3 million in a round of funding on February 9, 2022. The transaction includes participation from new investors, Global Founders Capital Management GmbH, Sequoia Capital India Advisors Private Limited, Venturra Discovery, a fund managed by Venturra Capital, and Saison Capital Pte. Ltd.
OpenCommerce Group raises $7M in a Series A round backed by VNG and Do Ventures
OpenCommerce Group raises $7M in a Series A round backed by VNG and Do Ventures. Headquartered in Hanoi with offices in San Francisco (USA) and Shenzhen (China), OCG provides a one-stop service for both veteran and zero-experience online sellers with low risk and low cost. Over two years after launch, the platform has helped more than 86,700 sellers from 195 countries establish their e-commerce stores internationally, generating $670M in GMV.
Selly successfully raised $2.6 million from 5 investment funds
On February 8, Selly - an e-commerce model with social commerce applications, said that it has just raised $2.6 million from investment funds including: CyberAgent Capital, Do Ventures , Genesia Ventures, JAFCO Asia and KVision.
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Summoners Arena officially closed the seed round with 3 million USD
App of Baemin's former COO raised 3 million USD
OpenCommerce Group raises $7M in a Series A round backed by VNG and Do Ventures
Selly successfully raised $2.6 million from 5 investment funds
Real Estate
Khang Dien (KDH) contributed nearly 350 billion VND to Gia Phuoc Real Estate subsidiary
Khang Dien House Trading and Investment plans to invest 15.3 USDm in Gia Phuoc Real Estate Business Investment Company Limited. Thus increasing the chartered capital of Gia Phuoc to approximately 26 USDm
Sunshine Homes plans to spend 756 billion VND to buy Xuan La Construction Company
After mobilizing VND1,250 billion from the issuance of shares to existing shareholders, SSH will spend VND756 billion to buy Xuan La Construction Investment Company.
Bamboo Capital, TPS and SHS buy 46 million privately issued shares of Tracodi
Transport and Industry Development Investment Joint Stock Company announced a private placement of 50,000,000 shares at a price of VND 20,000 per share for total gross proceeds of VND 1,000,000,000,000 on February 9, 2022. The transaction will include participation from four institutional investors. The transaction has been approved by the board of directors of the company. The shares will subject to a restriction period of one year from the date of issuance. The transaction is expected to close in first or second quarter of 2022.
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Khang Dien (KDH) contributed nearly 350 billion VND to Gia Phuoc Real Estate subsidiary
Sunshine Homes plans to spend 756 billion VND to buy Xuan La Construction Company
Bamboo Capital, TPS and SHS buy 46 million privately issued shares of Tracodi
Manufacturing
Thanh Nam Group (TNI) approved the plan of private placement of 52.5 million shares
Thanh Nam Group Joint Stock Company announced a private placement of 52,500,000 shares at a price of VND 10,000 per share for gross proceeds of VND 525,000,000,000 on February 15, 2022. The shares carried restriction period of one year. The transaction has been approved by the board of directors in the extraordinary general meeting of shareholders.
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Thanh Nam Group (TNI) approved the plan of private placement of 52.5 million shares
Financial services
VIX exercises buy right for new issued shares
VIX exercises buy right for new issued shares. Right Record date is February 25, 2022. Ex-right date is February 24, 2022. Exercise Ratio is 1:1 for every 1 existing share there will be 1 new share.
VIG Securities wants to double capital, TIG is expected to own 11.7%
Vietnam Industrial & Commercial Securities Corporation announced a private placement of 34,133,300 common shares at a price of VND 10,000 per share for gross proceeds of VND 341,333,000,000 on February 9, 2022. The transaction will include participation from Thang Long Investment Group Joint Stock Company for 8,000,000 shares for an equity stake of 11.72%,, Dinh Viet Cuong for 1,000,000 shares for an equity stake of 1.46%, Hoang Thi Ngoc Mai for 1,000,000 shares for an equity stake of 1.46%, Nguyen Thai Uy for 3,000,000 shares for an equity sta...
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VIX exercises buy right for new issued shares
VIG Securities wants to double capital, TIG is expected to own 11.7%
Logistics
Hoang Ha offers 12 million individual shares to 2 fund management companies
Hoang Ha Joint Stock Company ( HNX: HHG ) announced the Resolution of the Board of Directors on February 16, implementing the plan to offer private shares to increase charter capital. The company plans to offer up to 12 million shares with the offering price of 10,000 VND/share, the implementation time is expected in 2022. The number of shares offered above is expected to be distributed to two organizations, namely Pacific Bridge Investment Fund Management and Bong Sen Fund Management
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Hoang Ha offers 12 million individual shares to 2 fund management companies
Energy
Bamboo Capital (BCG) is about to offer 60 million shares to increase charter capital
Bamboo Capital Joint Stock Company announced a private placement of 60,000,000 shares of par value, VND 10,000 at a price of VND 20,000 per share for gross proceeds of VND 1,200,000,000,000 on February 18, 2022. The transaction was approved by board of directors of the company. The company expects to close the transaction in 1st and 2nd quarters of 2022, after being approved by the State Securities Commission.
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Bamboo Capital (BCG) is about to offer 60 million shares to increase charter capital
Healthcare
AppWorks leads $1 million round in Vietnamese healthcare booking app Docosan
AiHealth announce that it has raised $1 million in a round of funding from AppWorks Venture Fund on February 1, 2022.
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AppWorks leads $1 million round in Vietnamese healthcare booking app Docosan
Note: Deal values only include disclosed completed deals. Rumored, announced, or planned deals not included.
*USD1.00 = VND22,780.00