FALC
COM:FALCONCAPITALMGMT
Falcon Capital Management
- Privately Held
news - Apr 08, 2024
Vincom Retail officially leave Vingroup, new investors appear
Vingroup JSC has divested its 100% stake in SDI, leading to Vincom Retail no longer being a subsidiary. A new Vietnamese investor group acquired a 55% stake in SDI for around VNĐ4.8 trillion. Vingroup retains an 18.4% equity stake in Vincom Retail. The transfer value of SDI's 100% equity was projected at VNĐ39.08 trillion. New shareholders in SDI include Thien Phuc Service and Trading Development Investment Company, NP Business Investment JSC, Falcon Investment and Development Company Limited, and Emerald Business Investment and Development Company. These new investors were established in February and March, with significant charter capital increases. NP Investment Company Limited, a key shareholder, saw its registered capital rise from VNĐ505 billion to nearly VNĐ1.3 trillion. Vingroup and its subsidiaries still hold 45% of SDI's remaining shares.
vietnamnews.vnDescription
Falcon Capital Management conducts research and provides investment analytics and risk management in the commercial real estate sector and manages a multi-billion dollar investing and operating business.