Illustrative image (Source: baodautu.vn) The real estate’s present worst period will offer anopportunity for Khai Hoan Land Group JSC to embarked on big M&A deals, itsGeneral Director Dinh Thi Nhat Hanh said.
Currently, the domestic property market iswitnessing M&A deals worth hundreds even thousands of billions of VND, Dau tu (Investment Review) reported.
NoVa Real Estate Investment Group Joint StockCompany (Novaland, HOSE: NVL) just announced that it has reached anagreement with its "bondholder" Dallas Vietnam Gamma Ltd. The companieshave negotiated and reached an agreement to reduce the number of outstandingbonds and warrants through a swap agreement.
Accordingly, Dallas Vietnam Gamma Ltd will receive aportion of shares in two member companies of Novaland, namely Thanh Nhon RealEstate Investment Company Limited and Mui Ne General Investment Joint StockCompany, in exchange for the cancellation of a corresponding number of bonds andwarrants.
Nguyen Quoc Anh, Deputy Director of batdongsan.com.vn,Vietnam's leading real estate trading website, said M&A activities areexpected to rise in the time ahead as investors will continue their attention on debt andcapital restructuring.
David Jackson, CEO of Colliers Vietnam, a realestate consulting service firm, noted that foreign investors are confident inVietnam’s real estate market, and M&A activities will play a key role in “rescuing”domestic property developers and recovering the market.
There is a wave of M&A in the Vietnamese realestate market, he said, adding that Colliers has received many requests from bothdomestic and foreign investors, mainly from North Asia, North America andEurope.
Duong Thuy Dung, Director of Research andConsulting, CBRE Vietnam, said new foreign investors, including those fromSouth Africa and the Middle East, have showed interest in the Vietnamesemarket.
However, she pointed to roadblocks to M&A deals such as high loan interest rates offered by foreign investors, at about 18-20%each year, while domestic firms expected them at only 13-15%.
Experts predicted that the obstacles will linger onfor the remaining months of this year, and said they hope that deals will be fixed inthe fourth quarter or in 2024./.
Currently, the domestic property market iswitnessing M&A deals worth hundreds even thousands of billions of VND, Dau tu (Investment Review) reported.
NoVa Real Estate Investment Group Joint StockCompany (Novaland, HOSE: NVL) just announced that it has reached anagreement with its "bondholder" Dallas Vietnam Gamma Ltd. The companieshave negotiated and reached an agreement to reduce the number of outstandingbonds and warrants through a swap agreement.
Accordingly, Dallas Vietnam Gamma Ltd will receive aportion of shares in two member companies of Novaland, namely Thanh Nhon RealEstate Investment Company Limited and Mui Ne General Investment Joint StockCompany, in exchange for the cancellation of a corresponding number of bonds andwarrants.
Nguyen Quoc Anh, Deputy Director of batdongsan.com.vn,Vietnam's leading real estate trading website, said M&A activities areexpected to rise in the time ahead as investors will continue their attention on debt andcapital restructuring.
David Jackson, CEO of Colliers Vietnam, a realestate consulting service firm, noted that foreign investors are confident inVietnam’s real estate market, and M&A activities will play a key role in “rescuing”domestic property developers and recovering the market.
There is a wave of M&A in the Vietnamese realestate market, he said, adding that Colliers has received many requests from bothdomestic and foreign investors, mainly from North Asia, North America andEurope.
Duong Thuy Dung, Director of Research andConsulting, CBRE Vietnam, said new foreign investors, including those fromSouth Africa and the Middle East, have showed interest in the Vietnamesemarket.
However, she pointed to roadblocks to M&A deals such as high loan interest rates offered by foreign investors, at about 18-20%each year, while domestic firms expected them at only 13-15%.
Experts predicted that the obstacles will linger onfor the remaining months of this year, and said they hope that deals will be fixed inthe fourth quarter or in 2024./.
VNA
