Thursday, April 19, 2007

TigerInvest launches M&A services

The Viet Nam Financial Investment Joint Stock Company (TigerInvest) made its debut in Ha Noi on April 18. The new company will focus on mergers and acquisitions and has opened an online transaction floor for the purpose.

The transaction floor will enable buyers to seek investment opportunities with companies that wish to sell or transfer their businesses or projects.

"We expect that the number of businesses participating on the transaction floor will reach 500 in the first three months and double that by the end of this year,” TigerInvest CEO Phan Xuan Can said.

He also said that so far, more than 100 businesses, both domestic and foreign, have registered for operating on the transaction floor.

Most investment demand focuses on the areas of thermo-electric power, real estate, healthcare and resort development, he added.

The same day, TigerInvest signed strategic cooperation agreements with the Dai Duong Commercial Joint Stock Bank and the TCK Group Ltd. of the UK.

Source: VNA

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