Bao Minh Insurance, Viet Nam's second largest insurer, has announced it has brought onboard consultants to aid it in attracting overseas strategic investors for its upcoming share issuance.
The Ho Chi Minh City-based insurer inked the consultancy deals with international investment bank NM Rothschild & Sons and Vietnamese-based Horizon Capital Advisers.
Bao Minh is planning to offer 12.57 million shares to strategic investors in preparation for capital expansions for its new subsidiaries in northern Lao Cai province and Central Highlands Kon Tum province.
Earlier, the company at its shareholders’ meeting also decided to establish the Bao Minh Securities Company and the Bao Minh Fund Management Company.
Source: VNA
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