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DAS Capital wants to become a strategic shareholder of Tan Tao Group through an investment of US$ 150 million.

ItaExpress

04/08/2017 08:27 pm

On December 05, 2016 morning, at the head office of Tan Tao Group in Tan Tao Industrial Park, Binh Tan District, HCMC, Mr. Thai Van Men, COO and members of the Directors Board of Tan Tao Group had a meeting with the DAS Capital delegation led by Mr. Nebojsa Micic Micko - Executive Vice President of South East Asia region.

DAS Capital is an investment fund headquartered in Los Angles, United States with Asian offices in Hong Kong, Singapore, Korean, Japan, Malaysia, Vietnam ... DAS Capital currently manages a portfolio worth about US$ 5 billion and continues to seek investment opportunities in emerging markets like Vietnam.

At the meeting, DAS Capital showed a big interest in ITA stock and expressed their desire to become a strategic shareholder of Tan Tao Group in the coming time. After the discussion, two sides have basically agreed on principles and several provisions of the strategic partnership agreement, in which DAS Capital would consider to become a strategic shareholder of Tan Tao Group by buying US$ 20 million worth of ITA shares in the first phase after two sides agree on the terms of the purchase agreement. According to the plan, in the next phases, DAS will continue to invest in ITA stock for a total of about US$ 150 million.

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