According to Japan’s leading economic and financial daily Nikkei, venture fund Dream Incubator Inc. and Orix Corp. are acquiring 31 per cent of stake of the Japan-Vietnam Medical Instrument Co., a medical equipment wholesaler in Vietnam, through DI Asian Industrial Fund LP.
Another source said that their first investment in the business is worth 600-800 million yen (77-$102 million).
DI Asian Industrial Fund LP will appoint a director to the Vietnamese wholesaler's board and help foster partnerships with Japanese medical equipment manufacturers.
Meanwhile, CyberAgent Ventures Inc., a venture capital fund affiliated with CyberAgent Inc., has purchased stock in NCT Corp., which operates Vietnam 's largest music-sharing site, with the aim of expanding its business using CyberAgent's network expertise and technology.
By soliciting additional funds, CyberAgent Ventures Inc. strives to increase its capital to $20 million, or around 1.6 billion yen, and step up investment in growing companies in Southeast Asia, especially Vietnam and Indonesia.
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