Sunwah, SAM pour $100m into joint venture

October 27, 2016 | 11:50

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Hong Kong-based Sunwah Group's Sunwah Kingway and Saigon Asset Management have set up a joint venture to provide inbound and outbound investment solutions for companies operating in Viet Nam.

The latter's chairman, Louis Nguyen, who is also the CEO of the HCM City-based Sunwah Kingway Viet Nam (SKV), said: "The increased global interest in Southeast Asia, especially Viet Nam, was the genesis of the formation of SKV, and it is to address the needs of many high-growth Vietnamese companies seeking strategic capital as well as initial public offerings in Hong Kong and other overseas markets."

SKV offers proprietary investments and services in corporate finance, capital markets, private equity, real estate, fund management, and managed accounts in Hong Kong through its local associates.

Sunwah Group also announced on Tuesday a new investment of US$100 million in Viet Nam, organised as Sunwah Viet Nam Investment Company.

"We have invested more than $1 billion here in Viet Nam and have seen positive developments over our 45 years of operation in this rapidly growing country and a rising tide of investment opportunities," Johnson Choi, executive director of Sunwah Group and general director of Sunwah Viet Nam, said.

VNS

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