Batdongsan.com.vn page – Screenshot
Parent company Batdongsan.com.vn was acquired for billions of dollars
News from EQT Private Capital Asia said that it has completed the acquisition of PropertyGuru Group Limited - the owner of the Batdongsan.com.vn platform in Vietnam, through BPEA Private Equity Fund VIII Limited.
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The deal is reportedly worth around $1.1 billion.
The announcement from EQT Private Capital Asia also said that PropertyGuru's common shares ceased trading on the New York Stock Exchange on December 13.
After the sale, the group officially became a private company.
Founded in 2007 and headquartered in Singapore, PropertyGuru is introduced as Southeast Asia's leading property technology platform, connecting over 31 million property seekers with over 50,000 agents across Singapore, Malaysia, Thailand and Vietnam every month.
Meanwhile, EQT is a purpose-built global investment organisation with total assets under management of €246 billion, divided into two business segments: private equity and real assets.
Individual investors invest in more than 40% of private bond issuances
The National Assembly passed the amended Securities Law, effective from January 1, 2025.
In a report recently released by Vis Rating – a credit rating agency funded by Moody's, these amendments are beneficial to bondholders by preventing violations from bond issuers, restricting high-risk investment activities, and imposing mandatory timely disclosures and credit ratings to improve market discipline.
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In addition to increasing information transparency, Vis Rating experts believe that the new law will prevent high-risk investment activities by individual investors.
Vis Rating also estimates that professional individuals will be involved in investing in more than 40% of private placements issued in 2024.
However, this unit also pointed out that in the Vietnamese market, there are very few cases where bondholders recover their investments through liquidation of mortgaged assets.
A real estate company in Ho Chi Minh City was fined for refusing to publish a series of reports.
The State Securities Commission Inspectorate has just issued Decision No. 525 on administrative sanctions against Phuc Dat Real Estate Joint Stock Company, headquartered at 177 Vo Nguyen Giap, Thao Dien, Thu Duc City, Ho Chi Minh City.
The decision clearly states: the enterprise commits an administrative violation when it fails to disclose information that must be disclosed according to the law.
In addition, the company also sent information disclosure to HNX late on the completion of the early bond buyback.
Selling nearly a trillion debt of petroleum giant Trung Linh Phat
VietinBank has just announced the selection of an organization to value the debt of Trung Linh Phat Company Limited.
The legal representative of Trung Linh Phat is Mr. Tran Van Dan - Chairman of the Board of Directors. Trung Linh Phat's debt is up to 970 billion VND, of which the principal balance is 681 billion VND.
The assets securing the debt are 4 land use rights owned by Trung Linh Phat Company Limited, 5 land use rights owned by Mr. Tran Van Dan, and 1 land use right owned by Ms. Nguyen Thi Sau.
Petrol station of Trung Linh Phat Company – Photo: C.DUNG
In addition, there are means of transport owned by Trung Linh Phat Company Limited, inventories; property rights, receivables arising from economic contracts owned by this company and 6 savings books of Ms. Pham Thi Linh...
Trung Linh Phat Company is a major petroleum trader. Notably, this enterprise was once fined for not transferring the balance of the petroleum price stabilization fund to a bank deposit account.
Recently, Trung Linh Phat also had its gasoline import and export license revoked by the Ministry of Industry and Trade from November 26.
Expected domestic news and events from December 15 to 21
– December 15: Introducing the 9th National Congress of the Vietnam Youth Union, term 2024 – 2029; Seminar, introducing the book Typical battles of the Ho Chi Minh City armed forces; In Khanh Hoa, the conference announced the master plan for sustainable exploitation and use of coastal resources.
– December 16: In Can Tho, the National Conference summarizes the work of advising Party committees on Party building in politics, ideology, ethics and propaganda fields in 2024, deploying tasks in 2025; The Vietnam Journalists Association organizes the National Press Conference to summarize the work in 2024, deploying tasks in 2025.
– December 17: In Hanoi, the closing ceremony and award ceremony of the National Press and Artistic Photography Contest on the Vietnam People's Army and National Defense in 2024.
– December 18: In Hanoi, awarding the Asia-Pacific Quality Award.
– December 19: National conference to review the Party's inspection, supervision and discipline work in 2024 and deploy tasks for 2025.
– From December 19 to 22: The 2nd Vietnam International Defense Exhibition.
– December 20: In Hanoi, the 80th anniversary of the founding of the Vietnam People's Army and the 35th anniversary of National Defense Day.
– From December 20 to 22: In Hanoi, Exhibition of 80 years of culture and art of the Vietnam People's Army.
– December 21: In Hanoi, the final round of the 2024 National STEM, AI and Robotics Championship for high school students.
Main news on Tuoi Tre daily today, December 15. To read Tuoi Tre print newspaper E-paper version, please register for Tuoi Tre Sao HERE
Weather news today 12-15
Amitabha Buddha's birthday
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