UOB to acquire Vietnam asset manager

Pedro Gonçalves
clock • 1 min read

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...

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