Revealing the identity of the “giant” behind the Vinhomes share purchase deal

After the transaction of foreign partner KKR, Vingroup continues to be the controlling shareholder of Vinhomes.

As reported, in yesterday’s trading session (June 15), foreign investors bought nearly 201.7 million VHM shares and sold only nearly 720 thousand of these shares. The deal value reached over VND 15,000 billion. It can be affirmed that the above-mentioned “huge” deal of shares is sold by domestic investors and the buyer is a foreign investor. The identity of the buyer and seller is unknown.

As of today (June 16), the market has partly answered this remarkable transaction. In a statement released by Vingroup today, the group said that a group of investors led by KKR, including Temasek, has completed a transaction to acquire an investment in Vinhomes. Accordingly, the KKR investor group has invested a total of 15.1 trillion VND (equivalent to 650 million USD), equivalent to about 6% of Vinhomes shares. “After the transaction, Vingroup – JSC will continue to be a controlling shareholder of Vinhomes. KKR invests mainly from Asia Fund III,” said Vingroup’s statement. According to Vingroup, this event shows that Vietnam is still a prominent bright spot in the regional capital market thanks to its development prospects and strong growth rate; At the same time, it also proves the attractiveness of Vinhomes with its project implementation capacity, large land bank… Credit Suisse (Singapore) Limited is Vingroup’s financial consultant in this deal. KKR is a leading global investment company, with a diverse portfolio of investments, including private equity, energy, infrastructure, real estate, and credit, with partners’ hedge fund management strategy. KKR invests its accumulated capital in addition to managed capital, providing financial solutions and investment opportunities through its capital markets business. Temasek is an investment company with a portfolio of S$313 billion ($231 billion) as of March 31, 2019. On the stock market, after a series of 5 consecutive declines and a loss of 6.7% yesterday, by today’s session June 16, Vinhomes’ shares rose to the ceiling strongly, up 7% to 74,900 dong.