JLL – Market Watch week, Aug 28, 2017
Published: August 29, 2017
1. JLL: Real estate M&As more virbrant
Vietnam’s vibrant real estate market will elevate the number of merger and acquisition (M&A) deals to a new record this year, according to Mr. Stephen Wyatt, Regional Director of JLL. “Growth in M&As in Vietnam is accelerating partly because of its continued global integration, socio-political and macroeconomic stability, as well as structural reform in banking and finance, public investment, and State-owned enterprises,” he said.
Foreign investment in real estate ranked fifth in the first half of the year, with total investment capital of $700 million, up 16 per cent year-on-year, with 39 newly-registered projects worth $500 million.
2. CII sells stake to quench capital thirst
Notably, CII will sell 123.12 million shares at the price of 15,000 VND for its existing shareholders. CII expected to divest at least 50 per cent worth VND923.4 billion via the sale. After the sale, CII plans to sell 17.71 million individual shares to South Korean Rhinos Asset Management Co., Ltd. at the price of 26,040 VND apiece.
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