SAM invests in C21 Company
The 21 st Century Joint Stock company (C21) and the Saigon Asset
Management (SAM) Corporation signed a strategic partnership contract in
Ho Chi Minh City on January 17.
The 21 st Century Joint Stock company (C21) and the Saigon Asset
Management (SAM) Corporation signed a strategic partnership contract in
Ho Chi Minh City on January 17.
Accordingly, the Vietnam Property Holding (VPH) fund listed on Germany’s Frankfurt Stock Exchange under the management of SAM would become C21’s first foreign strategic shareholder with a total investment of 5 million USD.
When investing in C21, the VPH aims to profit from the company’s land fund of about 200 hectares in Ho Chi Minh City and other provinces.
Louis Nguyen, chairman and general director of SAM, and Tran Minh Duc, chairman and general director of C21, said they believed that this move will help to raise the value and benefits for both parties.
Formerly the Tuoi Tre (Youth) Limited Liability Company established by Tuoi Tre (Youth) newspaper, C21 is one of the first tourism and real estate development companies in Ho Chi Minh City which has a charter capital of over 193 billion VND.
Meanwhile, Sam is the official investment manager of the Vietnam Equity Holding (VEH) fund with assets worth about 125 million USD./.
Accordingly, the Vietnam Property Holding (VPH) fund listed on Germany’s Frankfurt Stock Exchange under the management of SAM would become C21’s first foreign strategic shareholder with a total investment of 5 million USD.
When investing in C21, the VPH aims to profit from the company’s land fund of about 200 hectares in Ho Chi Minh City and other provinces.
Louis Nguyen, chairman and general director of SAM, and Tran Minh Duc, chairman and general director of C21, said they believed that this move will help to raise the value and benefits for both parties.
Formerly the Tuoi Tre (Youth) Limited Liability Company established by Tuoi Tre (Youth) newspaper, C21 is one of the first tourism and real estate development companies in Ho Chi Minh City which has a charter capital of over 193 billion VND.
Meanwhile, Sam is the official investment manager of the Vietnam Equity Holding (VEH) fund with assets worth about 125 million USD./.
You should also see
PM hosts Chairman of Russian Federal Bar Association
Prime Minister Pham Minh Chinh spoke highly of cooperation between the Russian Federal Bar Association (RFBA) and the Vietnam Lawyers’ Association (VLA) while receiving RFBA Chairman Sergey Stepashin, who is also former Prime Minister of Russia, in Hanoi on April 23.
See more
Sci-Tech
FPT, NVIDIA ink MoU to build 200 million USD AI factory
Vietnam’s tech giant FPT plans to build a 200 million USD artificial intelligence (AI) factory using Nvidia's graphics chips and software, as announced on April 23 in a comprehensive strategic partnership with NVIDIA.
Business
Lao Cai province calls for more Japanese investments
The advantages and potential of Vietnam’s northern border province of Lao Cai were introduced to Japanese firms at an investment and tourism promotion conference in Tokyo on April 23.
Business
Vietnam’s economy shows gradual recovery: WB’s report
Vietnam's economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.
Business
Tra fish export to UAE jumps 67% in Q1
Vietnam’s tra fish export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year, statistics of the General Department of Customs showed.
Business
Central bank successfully auctions 3,400 taels of SJC-branded gold bars
The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.
