Singapore fund management company UOB Asset Management (UOBAM) intends to acquire VAM Vietnam Fund Management Joint Stock Company for $4.9m. VAM Vietnam was established in 2006 and primarily invests in public equities. It also makes investments in convertible debt and other equity‐linked instruments. The Singapore-based fund manager said it will purchase nearly 1.3 million shares of VAM Vietnam from Nguyen Xuan Minh, co-founder and chairman of the Vietnam-based company. The deal for the firm's 24.53% shareholding is valued at VND113,680 million ($4.9m). After regulators approve the...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
