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SonKim Land earns M&A accolade

A leading Vietnamese real estate investment and development company has come away with an award in The Most Notable Deals in 2018-2019 at the 11th annual Vietnam M&A Forum, for its latest round of fundraising of $121 million.

Announced last week, the renowned title recognises SonKim Land Corporation’s achievement in international capital markets.

“We’re very proud to win this award at the Vietnam M&A Forum,” said Nguyen Hoang Tuan, chairman of SonKim Land. “Following the success of two previous deals, SonKim Land and EXS Capital have been continuing efforts to raise funds for our high-end real estate projects.”

In July, SonKim Land successfully concluded a fundraising of approximately $121 million from international investors including EXS Capital, ACA Vietnam Real Estate LP, Skymont Capital, and Credit Suisse. This transaction has been SonKim Land’s biggest fundraising effort since 2013, making it a successful landmark for the company to continue to create high-end and more sustainable projects in its luxury real estate business segment.

With additional capital from the fundraising, SonKim Land will continue to develop more high quality projects for the Vietnamese property market and expand its business to build bigger-scale projects, industrial parks, hotels and resorts, offices, serviced apartments, and food and beverage outlets to maintain its leading position in the luxury real estate market.

As the pioneer in the segment, SonKim Land focuses on delivering differentiated living experiences. The business strategy of the company is to focus on residential real estate projects, hotels, and offices in prime locations, bringing the experiences of quality lifestyle to high-class end users.

The Vietnam M&A Forum is an annual event under the auspices of the Ministry of Planning and Investment, which has been held by VIR and AVM Vietnam since 2009. The forum is a place to exchange and share useful experiences, as well as discuss practical risks in mergers and acquisitions (M&A) through the evaluation and analysis of the best deals.

The forum also helps businesses and investors assess and review the development of the scale and nature of such activities in Vietnam over the past 12 months.

This year saw participation of 500 representatives from domestic and international enterprises and investment funds, accounting for 85 per cent of Vietnam’s deal value. The forum not only contributes to the promotion of foreign investment in Vietnam through M&A, a transparent market in both quality and quantity, and investment connection between domestic and foreign partners, but also offers many useful recommendations to government authorities to improve the legal framework and policies, contributing to promote economic growth and the international integration of the country.

The honorary ceremony announced a list of outstanding deals selected by an independent appraisal council. The most exciting in the 2018-2019 period focus on exploiting Vietnam’s market of more than 96 million people, including consumer goods manufacturing and real estate. Driven by growth momentum, it is forecasted that the value of M&A may reach $6.7 billion in 2019.


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