Market summary
In January, Vietnam market announced a total closed deal size of more than USD134m, in which the manufacturing sector was the key contributor with a USD70m deal
An unknown buyer agreed to acquire Capital Place in Hanoi from CapitaLand Vietnam Commercial Value-Added Fund managed by CapitaLand Investment Limited (SGX:9CI) for approximately SGD750m on January 20, 2022
Regarding Energy sector, AC Energy Vietnam Investments Pte. Ltd. signed a Share Purchase Agreement to acquire 49% stake in Sinenergy Ninh Thuan I Solar Power Plant in Vietnam (Solar NT) from Super Energy Group (Hong Kong) Co., Ltd. for USD165m on January 28, 2022
GELEX Group Joint Stock Company announced that it has issued 851,495,793 common shares at an issue price of VND4,128.4488 per share for gross proceeds of VND3,515,356,784,816 in a round of funding on January 19, 2022
The majority of technology deals are dominated by cryptocurrency startups with a total of USD14m raised, notable names include Skrice Studios, Space Falcon Limited, and Ancient8
Aggregate Deal Values = USD134m
This month’s top deals
Technology
Mio, a social commerce startup focused on smaller cities, raised USD8m
Mio announced that it has received $8 million in a round of funding led by new investors Jungle Ventures Pte. Ltd., Patamar Capital, and individual investor Oliver Jung on January 17, 2022. The transaction also included participation from other existing investors Venturra Discovery, a fund managed by Venturra Capital, iSeed SEA, Hustle Fund Management, LLC, and individual investor Gokul Rajaram. The company raised $9.1 million in funding till date.
Vietnam's largest blockchain gaming guild Ancient8 raised USD4m
Ancient8 announced that it has received $4 million in a round of funding co-led by the new investors Pantera Advisors LLC, #Hashed, and Dragonfly Capital Partners on January 19, 2022. The transaction included participation from other new investors Mechanism Capital, Coinbase Ventures, Alameda Research LLC, 3twelve Capital,Coin98 Ventures, Kyros Ventures, Raydium, Jump Capital, LLC, GuildFi, Impossible Finance, Animoca Brands Corporation Limited, Mirana Ventures, Chromia, sipher, Smrti Lab, Folius Ventures LLC, PANONY LIMITED, Shima Capital, C2 Ventures, SkyVision Capital, and individual investors Trung Nguyen, Loi Luu, Santiago R. Santos, and Nick Chong.
Blockchain gaming Skrice Studios raised USD5.5m
Skrice Studios announced that it has received $5,500,000 in its seed round of funding led by new investor, Binance Labs on January 21, 2022. The transaction includes participation from new investors, Genblock Capital, Delphi Digital Inc., Mechanism Capital, Alameda Research Ventures, Animoca Brands Corporation Limited, Yield Guild Games, Yield Guild Games Southeast Asia, Exnetwork Capital, Double Peak Group, Merit Circle and HashKey Capital.
Article links:
Mio, a social commerce startup focused on smaller cities, raised USD8m
Vietnam's largest blockchain gaming guild Ancient8 raised USD4m
Blockchain gaming Skrice Studios raised USD5.5m
Real Estate
CapitaLand successfully divested its Grade A office building in Hanoi for USD559m
An unknown buyer agreed to acquire Capital Place in Hanoi from CapitaLand Vietnam Commercial Value-Added Fund managed by CapitaLand Investment Limited (SGX:9CI) for approximately SGD 750 million on January 20, 2022. The agreed value of the property was arrived on a willing-buyer and willing-seller basis. Upon completion of the transaction, CVCVF will be fully divested and closed.
Gia Duc Real Estate will receive USD52m funding from Novaland
Gia Duc Real Estate Co., Ltd. announced that it will receive an equity round of funding for VND 1,180,000,000,000 from returning investor Novaland Investment Joint Stock Company on January 19, 2022. After completion, the investor will own VND 3,389,845,600,000 of capital contribution accounting for 99.995% of charter capital of the company. The transaction was approved by the board of the investor.
Article links:
CapitaLand successfully divested its Grade A office building in Hanoi for USD559m
Gia Duc Real Estate will receive USD52m funding from Novaland
Manufacturing
Sports Gear Co., Ltd. acquired 30% stake in All Wells International Co.,Ltd for USD70m
Sports Gear Co., Ltd. (TWSE:6768) acquired 30.51771% stake in All Wells International Co.,Ltd for $70 million on January 18, 2022. The consideration consists of 18,666,666 shares for $3.75 per unit of All Wells International. The Board of directors of Sports Gear Co., Ltd. have approved the acquisition.
Ngoc Nghia Industry-Service-Trading Joint Stock Company offered USD94m for being acquired
Indorama Netherlands B.V. offered to acquire Ngoc Nghia Industry-Service-Trading Joint Stock Company for VND 2 trillion on January 10, 2022. Under the terms, offer price is VND 26,219 per share. The transaction is expected to be completed by the first half of 2022. Allen & Overy acted as legal advisor to Indorama.
SeleX Motors JSC received USD2.1m in a round of funding led by Touchstone Partners
SeleX Motors JSC announced that it has received $2.1 million in a round of funding led by Touchstone Partners on January 20, 2022. The transaction also included participation from ADB Ventures, and Nextrans.
Article links:
Sports Gear Co., Ltd. acquired 30% stake in All Wells International Co.,Ltd for USD70m
Ngoc Nghia Industry-Service-Trading Joint Stock Company offered USD94m for being acquired
SeleX Motors JSC received USD2.1m in a round of funding led by Touchstone Partners
Financial services
APG Securities Joint Stock Company announced a private placement of USD59m
APG Securities Joint Stock Company announced a private placement of 75,000,000 shares at a price of VND 18,000 per share for gross proceeds of VND 1,350,000,000,000 on January 6, 2022. The transaction included participation from professional investors. The transaction is approved by the board of directors.
SSB is offering shareholders rights to raise USD119m
Southeast Asia Commercial Joint Stock Bank (HOSE: SSB) announced a rights offering wherein the shareholders will receive 1 right for each share owned by them as on record date January 18, 2022. Every 100 such rights will entitle them to subscribe for 12.2633 shares.
The subscription period and payment period is from January 26, 2022 to February 28, 2022.
The rights can be transferred from January 26, 2022 to February 22, 2022. The rights should be transferred only once.
ASEAN Securities Corporation is acting as the consulting firm.
Article links:
APG Securities Joint Stock Company announced a private placement of USD59m
SSB is offering shareholders rights to raise USD119m
Agribusiness
PAN Group announced their plan to raise new USD72m equity
On January 27, 2022, the company announced the Board resolution dated June 26, 2021, the BOD of The PAN Group Joint Stock Company approved the plan for stock issuance to raise capital from the owner’s equity.
Article links:
PAN Group announced their plan to raise new USD72m equity
Note: Deal values only include disclosed completed deals. Rumored, announced, or planned deals not included.
*USD1.00 = VND22,780.00