Successful placement of Vingroup shares via the largest Accelerated Bookbuilt Offering in Vietnam
Xavinco Land Joint Stock Company (“Xavinco”), a 96.4% subsidiary of Vingroup Joint Stock Company (“Vingroup”), has successfully sold 21.6 million shares of Vingroup (ticker “VIC”) via an accelerated bookbuilt offering for US$70 million.
With a comprehensive set of services, entertainment and retail “wonders”, VMM Times City has formed a chain of educational, recreational, shopping and tourism values with the slogan “One destination – thousands of happiness”, providing customers with a totally new experience that perfectly combines visiting, consuming, social interacting and particularly, family entertainment. This distinctive model has, once again, helped Vingroup make a breakthrough in the retail market with an occupancy rate of 90% after only 7 months of pre-leasing, especially after only less than 5 months since the grand opening of the first Vincom Mega Mall in Royal City.
Speaking at the Grand Opening Ceremony, Mr. Nguyen Viet Quang, Vingroup’s Vice Chairman said: “With our experience in successfully investing and developing a chain of shopping malls under the brand Vincom Center and Vincom Mega Mall, we believe and commit to make VMM Times City an ideal shopping, entertainment and recreational destination with perfect services for every Hanoian, as well as visitors. This event continues to confirm Vingroup’s status and determination to invest and operate the largest and most premium shopping malls in Vietnam…”