DAS Capital seeks strategic partnership with Tan Tao

December 08, 2016 | 10:26

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DAS Capital Fund from the US has recently announced plans to become the strategic partner of Tan Tao Investment Industry Corporation (HoSE: ITA) by making an investment capital contribution of $150 million.

Under the plan, DAS Capital will buy ITA shares for $20 million, then raise its investment to $150 million over several phases.

DAS Capital, founded in 2011, has expanded its presence all over the world and made a strong foothold in Asia. The Los Angles-based fund’s portfolio currently stood at $5 billion.

This week, a high-level delegation headed by Nebojsa Micic Micko, executive vice president of DAS Capital in Southeast Asia, paid a visit to Vietnam to explore the opportunity of becoming ITA’s strategic partner.

According to Micko, Vietnam is well-known as an emerging market with significant potential. The country already signed a wide range of free trade agreements (FTAs), such as the Trans-Pacific Partnership (TPP) and the EU-Vietnam FTA. This is the right time for investors to study the market and make an investment decision.

He highlighted that this is the first time DAS Capital ventures into Vietnam. The fund is looking to cooperate with a prestigious local company who has strong growth, a matching portfolio, and high potential yield.

ITA general director Thai Van Men noted that Tan Tao has a diversified portfolio across many industries, like healthcare, education, real estate, and infrastructure development. In particular, the firm is one of the leading industrial park (IP) developers in Vietnam with many projects nationwide, such as Tan Tao IP in Ho Chi Minh City and Tan Duc IP in the southern province ofLong An.

“ITA has seen growing interest from investors due its rapid development in the past few years. The firm welcomes both local and foreign strategic investors to increase investment capital for its upcoming projects,” he added.

By By Thanh Van

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