Vingroup Joint Stock Company (“Vingroup”) wishes to announce that its subsidiary, Vinhomes Joint Stock Company(“Vinhomes”), is exploring a listing on the Hochiminh Stock Exchange (the “Proposed Listing”). In this connection, Vinhomes has submitted on 2nd April 2018 an application for the listing of its ordinary shares on the Hochiminh Stock Exchange. Following the Proposed Listing, Vingroup intends to remain a major shareholder of Vinhomes.
The Proposed Listing will be subject to, among others, applicable laws and regulations including the applicable Vietnam capital markets laws, and to prevailing market conditions. There is no certainty or assurance that the Proposed Listing will be carried out. Accordingly, Vingroup is currently not in a position to make any further disclosure in relation to the Proposed Listing, its terms or possible timing. Subject to applicable laws and regulations, Vingroup will make further announcements concerning any material developments on this matter as and when appropriate.
This announcement is not an offer for sale of the securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. None of Vingroup, Vinhomes or any other holder of the securities intends to register any portion of any offering of the securities in the United States or to conduct a public offering of securities in the United States.
Vingroup Joint Stock Company (“Vingroup”) wishes to announce that Vingroup, together with its subsidiary, Vinhomes Joint Stock Company (“Vinhomes”) and certain other Vinhomes shareholders (together the “Sellers”), have entered into a share purchase agreement effective 12 April 2018 with GIC Private Limited (“GIC”) to purchase Vinhomes ordinary shares from the Sellers and to extend a debt-like instrument to Vinhomes, subject to satisfaction of mandatory regulatory and other conditions precedent. The combined value of the investment and instrument is approximately US$1.3 billion (or approximately VND 29.5 trillion). A further announcement will be made at a later date.
Credit Suisse (Singapore) Limited acted as Advisor to Vingroup and the Sellers.
Based on the VND to US$ exchange rate quoted by Bloomberg L.P. as of 31 December 2017, which was VND22,698 = US$1.00
This announcement is not an offer for sale of the securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. None of Vingroup, Vincom Retail or any other holder of the securities intends to register any portion of any offering of the securities in the United States or to conduct a public offering of securities in the United States.
Vinhomes Joint Stock Company.
Representative: Ms. Vu Thai Ninh (According to Power of Attorney no. 057, date 25/10/2022).
Address: Symphony Office Tower, Chu Huy Man Street, Vinhomes Riverside Eco-Urban Area, Phuc Loi Ward, Long Bien District, Hanoi, Vietnam.
Tel: +84 24 39749350
