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Japanese investment fund channels 8 million USD into Vietnam’s cinema chain

Beta Media has just secured a deal to receive 8 million USD from Japanese investment fund Daiwa PI Partners.
Japanese investment fund channels 8 million USD into Vietnam’s cinema chain ảnh 1At the signing ceremony (Photo: Beta Media)


Hanoi (VNA) – Beta Media has just secured a deal toreceive 8 million USD from Japanese investment fund Daiwa PI Partners.

With this agreement, the entertainment company achieved anenterprise valuation of 1 trillion VND (43.15 million USD).

In 2015, Beta Media received investment capital from VietnamInvestment Group (VIG), and 2.5 million USD two years later from Blue HKFinancial Group (Hong Kong), with a valuation of 600 billion VND.

Beta Media operates low-cost movie theater chain BetaCinemas, which was launched in 2014, with 12 cineplexes and nearly 60 cinemahalls nationwide.

Daiwa PI Partners, a subsidiary of Daiwa Securities Group, engagesin a wide range of investment areas and funds./.

VNA
#Beta Media #Daiwa PI Partners #Japanese investment fund #movie theater chain #vietnamplus #Vietnam News Agency
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