ICE18-Mergers & Acquisitions NEWS

Vietnam
International Investment Connection and Enterprises Trading., JSC Weekly issued by ICE – M&A via email and website &
wWw.ice.com.vn & wWw.ma-vietnam.com
Weekly issued to about 82.000 emails of investors, managers, and investment organizations & groups in Vietnam or overseas
Volunme ICE-18, Tuesday November 18th, 2008

ICE – the M & A and project investment connection is the source of useful information for domestic and
foreign investors, enterprise owners and corporations. M & A News issued weekly by ICE will provide
information of buying and selling enterprises in all business fields as well as investment opportunities in
projects throughout Vietnam. In addition, ICE Vietnam M & A News will help foreign investors and
enterprise owners to update new investment policies and new information of the M&A market in Vietnam.
Main parts:
Part 1: M&A Investment Opportunities

Part 2: Global M&A market
Part 3: Vietnam and M&A Tendency-
Cash-rich firms buying small rivals sustains
M&A-study
PART 1: M & A INVESTMENT OPPORTUNITIES
M&A-66: Selling a hotel in Ha Tinh Province
Location Thien Cam, Cam Xuyen, Ha Tinh province

Business fields Hotel, restaurant
Legal status Sufficient and clear
Enterprise status Running

Financial status Turnover in June and July/2008 are 500 million
VND.
The strong points We have a famous brand name and prestigious
and the advantages with the providers, customers.
Transference form Whole transference
Transference price 15 billions
ICE’s Comment
SUCCESS PROMOTION – COMPANY VALUE ENHANCEMENT Page 1
Vietnam M&A News-Letter – Copyright © 2008 ICE–Enterprise Trading and International Investment Connection – Issued weekly for domestic
and foreign investors, enterprise owners and corporations. Please contact ICE’s editors of M & A News to contribute ideas or place orders this
News-Letter via e-mail. All right reserved. Tel:+84-43-6227724 Email:ice.ma.news@gmail.com Website:www.vni-connection.com
M&A AND INTERNATIONAL INVESTMENT CONNECTION
M&A- 67: Selling a company operating in finance and fund manager in Ha Noi
Location Hanoi
Operation types Joint stock company
Business field Financial, Management Funds
Legal status Business license issued on November 2006, with 2 skills investment mandate
and management fund.
Charter capital: 30 billion VND
Shareholder structure: 59% import-export company, 7% Commercial Joint -
Stock Bank, 34% remaining shares belong to natural person
Enterprise status Good running, have no subsidiary companies and fund members.
Staff number: 9 people
Staff number have practicing certificate: 5 people
The amount received mandate : 70 billion VND
Financial Status Good and clear
The strong points and the - With the high skilled staff.
advantages - Investment entrusting 1000 billion VND
Transference Form Transferring 75%
Transference price Negotiable
ICE’s Comment

Vietnam M&A News-Letter – Copyright © 2008 ICE –Enterprise Trading and International Investment Connection – Issued weekly for domestic
and foreign investors, enterprise owners and corporations. Please contact ICE’s editors of M&A News to contribute ideas or place orders this News-
Letter via e-mail. All right reserved. Tel:+84-43-6227724 Email:ice.ma.news@gmail.com Website:www.vni-connection.com
M&A- 68: Selling a company operating in tourism in Hanoi.
Location Hanoi
Business fields International travel, transporting deliver, business real-estate
Legal status Good
Financial status Clear, no tax debt
The strong points and the Operating in group

advantages After 3 operating years, it considers to be a prestigious enterprise in the
market. Many costumers knew us as a professional enterprise.
Transference form Whole transference
Transference price Negotiable
ICE’s Comment

PROJECT INVESTMENT OPPTUNITIES
M&A- 69: Calling for investment in or transferring Motorbike assembling and spare part
manufacturing plant
Location Hung Yen Province
Business fields Manufacturing and assembling automobiles and motorbike spare parts
Total investment 35,000,000,000 VND
Available legal documents of The target of registration with provincial people`s committee, the target
the project could be changed as market`s demand.
Project land status Land attaching red book with 35 years of renting. (2004-2039)
Planning indicators of the - Area: 23089 m2

project - Density:
+ Store: 11.125m2
+ The rest: local road, sub-work (WC, canteen, parking house)
- Floors: 02 ( the total: 03 store with 4725 m2 area , 3200m2,
3200m2.
Current status of the project 03 stores completed. Local road and sub-work finished. Installed and built 1
transformer station of with 250KVA to serve manufacturing.
Economic indicators of the N/A

project
Key strong points of the Completed infrastructure construction, ready to install equipment and
project
conduct business.
Co-operation forms Whole transference
Value of Investment 28,000,000,000 VND (Twenty eight billion dongs)

invitation
ICE’s Comment

M&A- 70: Calling for investment in or transferring Molding center & automobile- motorbike
industrial complex
Location Long An Province

Business fields - Mold design and manufacturing - Spare part manufacturing – Machine
manufacturing and assembly.
- Infrastructure construction of industrial complexes and residential
areas.
Total investment 1000 billion VND
Available legal documents Approval by Long An Provincial People’s Committee

of the project
Project land status Agricultural land will be turned into industrial and residential land.
Land lease period: 50 years
Planning indicators of the - Area: 318.5 ha
project - Construction density: 60%
- Storey height:
- Land use coefficient:
- Construction purposes: Factories – Residential areas, etc.
Current status of the Completed purchase of a land area of nearly 100 ha
project
Economic indicators of the Cost of capital: 17.6 %
project NPV: 630.103.255.462>0
IRR: 29.5%
Key strong points of the - Near Ho Chi Minh City, by Vam Co river and branches of Vam Co river
project - In the new industrial development area of Duc Hoa District.
- Mechanical projects, especially the professional automobile – motorbike
industry will attract strongly both domestic and foreign investment.
Co-operation forms Joint-venture or Financing
Value of Investment Transference of 40% shares: 100 billion VND

invitation Capital loan: 500 billion VND
ICE’s Comment

PART 2: GLOBAL MARKET M&A
Genworth in deal to buy Life and mortgage insurer Genworth Financial Inc said on Sunday it
bank, seeks TARP money applied for capital under a U.S. government program, after reaching a
deal to buy a bank, bringing it under federal regulation.
With the move, Genworth joins Hartford Financial Services Group Inc, a large
property and life insurer, in seeking to change its regulatory status in order to
participate in the Treasury Department's $700 billion Troubled Asset Relief Program
(TARP).
Genworth declined to say what amount of capital it was seeking.
Hartford on Friday announced it was buying a small savings and loan, bringing it in
line with a federal financial regulation requirement, and thereby making it eligible to
raise up to $3.4 billion from TARP.
Genworth said on Sunday it had reached an agreement in principle to buy
InterBank fsb of Maple Grove, Minnesota and filed a savings and loan holding
company application with the Office of Thrift Supervision, a federal regulator.
InterBank is a community bank with about $1 billion in assets, according to its
website.
Richmond, Virginia-based Genworth has been badly battered by investment losses,
and concerns that it would run short of capital. Its shares have fallen from $25.45
at the beginning of the year, to as low as $1 last week.
Similar concerns over investment losses and capital shortfalls have dogged
Hartford, even after it last month reached an agreement with German insurer
Allianz SE to inject $2.5 billion.
Life insurers generally have suffered large investment losses, eating into capital
levels. Several in the sector have lobbied for access to TARP, because it could give
companies a way to boost capital at better-than-market rates.
Earlier this month, Genworth reported a $258 million net loss for the third quarter
and its operating profit missed Wall Street expectations. It also suspended a share
buyback plan, withdrew a previous forecast for 2008 operating profit, and said it
was exploring ways to bolster capital.
The company was spun off by General Electric Co in 2004.
Novafora to buy Privately held semiconductor company Novafora Inc agreed to buy
Transmeta in all cash microchip designer Transmeta Corp in a cash transaction worth $255.6
transaction million.
The expected offer price of between $18.70 and $19.00 per share is at a 7 percent
to 8 percent premium to Transmeta's closing price on November 17.
The deal is expected to close in the first quarter of 2009.
Transmeta also entered into an agreement under which Advanced Micro Devices
will transfer 700,000 of Transmeta's preferred stock to the company.
Piper Jaffray & Co. advised Transmeta while GCA Savvian advised Novafora on the
deal.
Separately, Transmeta posted a higher third-quarter profit on high revenue growth.
Revenue for the quarter jumped to $25.3 million from $44,000 a year ago.
Shares of Transmeta closed up 4.91 percent at $17.52 Monday on Nasdaq.

Top Global M&A Deals
Target Acquiror Value ($M)
Altana AG SKion GmbH 1,180.3
Centennial Communications Corp AT&T Inc 920.1
China Times Group Tsai Family 621.1
Enea S.A. Vattenfall AB 595.0
Q Med AB Ivytan AB 498.5
Greater Gabbard Offshore Winds Ltd Npower Renewables Ltd 495.0
Yunnan Salt & Chemical Industry Co Ltd Yunnan Yuntianhua Co Ltd 403.5
Lafarge SA Cement and Aggregates & Concrete activities Sacci SpA 366.6
Yunnan Malong Industry Group Co Ltd Yunnan Yuntianhua Co Ltd 363.8
NVS Installation AB Imtech NV 297.1
Top Industries: Global M&A
Industry Deals Value ($M)
Grand Total 8,453 549,221.0
Financials 1,547 238,798.0
Industrials 1,871 74,284.9
Energy 373 48,476.6
Basic Materials 847 33,607.7
Utilities 256 31,487.0
Technology 900 30,834.5
Non-Cyclical Consumer Goods / Services 691 25,613.7
Healthcare 446 24,266.3
Telecommunications Services 171 20,995.7
( source: Reuters)

PART 3: VIETNAM AND M&A TENDENCY- Cash-rich firms buying small rivals sustains M&A-study
Vietnam Economy
Bloomberg: Vietnam’s Vietnam is among the economies that have recorded the highest
economy steady in financial economic growth rates over the past 12 months, according to Peter
crisis Grauer, Chairman of the US’s financial information group, Bloomberg.
He made this statement to his host, Vietnamese President Nguyen
Minh Triet, in Hanoi on Nov. 13.
Grauer said that Vietnam is among 161 economies monitored by Bloomberg,

and over the past 10 years, Bloomberg has kept a close watch on the country’s
economic developments and has received support in this matter from a
number of authorised Vietnamese agencies.
The chairman of the world’s leading financial news group said that Bloomberg
wants to objectively cover the reality of the Vietnamese economy in order to
attract the world’s attention to the country’s financial markets and to help the
Vietnamese people find out more about various financial tools and services.
He asserted that Vietnam’s economy was steady before the impact of the
Despite the ongoing financial financial crisis, as the country draws its strength from a young, intelligent,
crisis, the Vietnamese economy creative and optimistic workforce that forms Vietnam’s backbone.
remains steady
President Triet appreciated the reliability of Bloomberg’s regional and global
financial coverage and reporting.
Regarding the impact of the global financial crisis on Vietnam , the President
(Source: VNA) said the Vietnamese Government has adopted bold measures to curb inflation
and stabilize the macro economy. However, he added, Vietnam has little
experience in coping with financial turmoil, so it needs foreign consultancy to
help arrive at concrete solutions to tackle the crisis.
The President also stressed that Vietnam is determined to ensure that its
financial and monetary markets are transparent in order to gain the confidence
of the world’s investment organizations.

Vietnam Investment Market
Czech auto manufacturer to open Czech Republic’s Skoda Auto planned to open a factory in Ho Chi
factory in HCM City Minh City, Trade and Industry Minister Martin Riman told HCM City
officials on November 13.
Mr Riman expressed hope that with the opening of this new factory,
Vietnam will provide automobiles, spare parts, and repair services to other
countries.
At the meeting, HCM City Vice Mayor Nguyen Trung Tin, said that the State-
owned Sai Gon Transportation Mechanical Corporation (Samco) will act as
Skoda Auto’s local partner.
Skoda Auto is the Czech Republic’s largest automobile manufacturer.
US Firms Bullish on Vietnam’s Many US companies have expressed their confidence in Vietnam’s
Growth economic development and wish to do business in the country, US
Ambassador to Vietnam Michael Michalak has said.
Talking with the international and local media in Ha Noi yesterday, he said
some US companies that are reconsidering their decision to invest in
Vietnam are doing so because they are facing difficulties due to the global
economic recession.
The ambassador was very positive about bilateral relationship with Vietnam
and the United States.
US Ambassador to Vietnam Michael Vietnam can be confident that the issues on which we work together will
Michalak (Photo: Thanh Nien) continue as priorities for the United States.
( Source: SGGP)
We continue to share many common goals and values and we undertake to
work for the success of the bilateral relationship, he said.
The ambassador also reviewed the recent US presidential election, saying

the fact that Barack Obama has become the 44th President of the United
States is a groundbreaking and historic event for many reasons, including
the election of the first African-American to serve in the highest position of
the US government.

Singaporean investors eye Vietnam holds attractive potentials in health services for Singaporean
health care in Vietnam investors to explore and cooperate with domestic partners, said
centre director of the International Enterprise Singapore , Chiong
( Sours: VNA) Woan Shin.
The Vietnamese economy has constantly posted high growth and the middle
class has required increasingly improved healthcare services, Chiong, who is
also the commercial consul at Ho Chi Minh City-based Singapore Consulate
General, told the Thoi bao Kinh te Vietnam (Vietnam Economic Times).
The fact created an opportunity for Vietnam ’s health sector to develop and for
investors from Singapore to tap potentials and cooperate, stressed the consul.
Chiong noted that Singaporean groups Parkway Health and Health way Medical
had opened representative offices in Vietnam , while the Thomson Medical is
joining hands with the Protrade Company to build a pediatric-maternity
hospital in southern Binh Duong province.
Can Tho city seeks wide- The Mekong delta city of Can Tho authorities signed 11
Ranging investments memorandums of understanding with economic groups and investors
on the development of industries, post and telecommunication, steel
plant construction, hotel building and hi-tech industrial zones.
The signing took place at an investment promotion conference held on Nov. 16

by the municipal authorities in the hope of luring around 6 billion USD in
developing various industries in the locality.
Can Tho has offered investors 29 projects involving hi-tech agricultural zones,
electricity industry, electronics, biotechnology application, waste treatment,
industrial zone infrastructure, handicraft village-ecotourism, vocational training,
shipbuilding, seaports, hospitals, urban complex, and re-settlement areas.
The conference attracted the participation of more than 150 representatives of

local and foreign economic groups and individual investors.
Located around 169 km from Ho Chi Minh City , Can Tho is the biggest city in
the Mekong delta, which is regarded as the “rice basket of Vietnam ”. It is the
Mekong delta’s centre of economics, culture, science and technology.
Boasting a large river port and several industrial parks and potentials for
tourism, the city is expecting larger foreign investment to explore its untapped
potential.

VIETNAM AND M & A TENDENCY
More regulation needed for outlets. They, however, will only be listing by year’s end. A number of
mergers market allowed to open one distribution them have already gotten the OK
facility. So what happens in the case from authorities. Others yet are
The merger and acquisitions when a foreign firm acquires a applying to climb on board the stock
(M&A) market recently saw the domestic one that has a multi-outlet exchange, or are preparing
Switzerland-Viet Nam cement network? Bibica now has a 20,000 procedures to do so. The Saigon
joint venture company Holcim retail shop system nationwide. Paper Joint Stock Company and the
Vietnam finalize a contract to machine installation Lilama 3 are
buy a cement factory belonging Under corporate laws in Viet Nam, among them.
to COTEC Group, a domestic companies with a market share of
construction and building 30 to 50 per cent are required to The Saigon Paper Joint Stock
materials firm. report to the Vietnam Competition Company could not delay its plans in
Administration Department (VCAD) light of recent market troubles as it
COTEC Group general director Dao before the merger. Dang Duong Anh had to realise its listing
Duc Nghia announced Holcim would from the law firm Vilaf Hong Duc commitments to shareholders, said
pay almost US$50 million for its noted it would cost a company a chairman Cao Tien Vi.
affiliate COTEC Cement. fortune to assess its market shares
to see whether it would be Today HOSE is scheduled to receive
Earlier this year, Swiss Reinsurance compulsory to report to VCAD or the PetroVietnam Finance
Co. bought a 25 per cent stake in not. Moreover, such an assessment Corporation (PVFC). With a
Vietnam National Reinsurance Co would be difficult due to the chartered capital of VND5 trillion, it
(VinaRe) for US$81.9 million, while unavailability of an effective is set to be the leader of HOSE’s
Morgan Stanley acquired a 48.33 database of information on local bourse. PVFC general director Tong
percent stake in Huong Viet businesses. Quoc Truong also could not delay its
Securities for an undisclosed sum, debut, adding that listing is a must
Franklin Templeton Investments The Vietnamese legal system has to provide liquidity. Last Friday
acquired a 49 per cent stake in yet to clearly define whether a HOSE alone saw two firms join its
Vietcombank Fund Management Co, merger and acquisition by an bourse, the steel pipe manufacturer
and confectioner Lotte announced overseas company is a direct or Huu Lien A Chau and OPC
its 30 percent stake in Bien Hoa indirect investment. Currently such pharmaceuticals firm.
Confectionery Company (Bibica). activities involving listed companies
are managed by the State Securities Though the latter part of last week
It is estimated that in the first six Commission. If, however, they saw the VN Index increase, the
months of the year, 48 deals worth involve foreign direct investment, current state of the market,
a total of US$347 million were then the Ministry of Planning and especially the demand-supply wider
completed, perhaps a reflection of Investment takes over. gap perspective, is a cause for
the global economic crisis. In concern among many investors.
comparison, last year, 113 deals Listing plans
worth US$1.8 billion were struck. Truong, however, assured that only
Despite the falling indices at both 12 per cent of PVFC’s 500 million
Still, experts in the M&A sector are the HCM Stock Exchange (HOSE) shares would be eligible for trading.
calling for appropriate regulations. and the Hanoi Securities Trading Holders of the remaining 88 per
Center, many companies are still cent, Petro Vietnam at 78 per cent
Starting next year, foreign moving ahead with their listing and Morgan Stanley at 10 per cent,
companies will be eligible to both plans. Local media have even noted have committed to keep the shares
export their products to Viet Nam a wave of listing when authorities in their pockets for three years. As
and distribute them via their own disclosed 50 companies planned on Viet Nam’s stock market is still
considered small, with only 300 VND500,000 (US$30) per unit, last inaccurate fee levels to apartment
companies listed at the exchanges in September. buyers before project completion,
Ha Noi and HCM City, new listings and increase fees once residents
will provide greater choices for In comparison, the monthly fee of a move in. Meanwhile, realistic factors
investors, and improve liquidity. mid-range apartment in Beijing is also contribute to the fee increases.
only US$0.50-0.90 per square Townsend cited common practices
Apartment management metre, and US$1.30-2 for a high-end elsewhere that separate the
one. The figures go up to US$3.45- functions of property development
Residential property has become a 4.15 and US$4.84-6.23 respectively and management. Many developers
big issue recently, especially in Hong Kong. For luxury flats in Ha in Viet Nam retain their
management fees charged by Noi, the fees are US$0.75-0.80 and management position after buildings
developers on apartment owners US$0.50-0.80, respectively, are complete. "After finishing a
across the country. Affected according to property services project developers overseas will
buildings include The Manor in Ha company CBRE. continue with their new ones,
Noi and Screc, My Vinh and The leaving the management to a
Botanic Towers in HCM City. When CBRE held a seminar in HCM City professional third party," he said.
My Vinh’s developers doubled their last Friday on residential property
monthly fee to US$40, owners management to introduce models
refused to pay. Residents at The from Thailand, Singapore, New ( Source: VNN)
Botanic Towers were not happy Zealand and the US. According to
when management fees increased to CBRE general director Marc
US$2 per square meter, up to Townsend, developers might offer
Ericsson to Take over HT Ericsson claims it will take over the operations of HT Mobile when the
Mobile network finishes switching from CDMA (Code Division Multiple
Access) technology to GSM (Global System for Mobile
Communication) one.
The telecom firm, based in Sweden, announced the plan at a celebration

recently held in Ha Noi of its 15th year in Vietnam.
The company previously signed a US$450 contract with HT Mobile for the
network change.
( Source: VNA) HT Mobile, a joint venture between Ha Noi Telecom and Hutchison
Telecommunication, in March this year was licensed to invest in changing from
existing CDMA to GSM technology.
The switch is expected to be completed early next year with HT Mobile

retaining 80% of existing telecom equipment and facilities such as
transmission lines and switchboards for re-use after changing to the GSM
network.
Officially coming to Vietnam in 1993, Ericsson has already been involved in a

number of telecom projects in Vietnam such as with VNPT to deliver and install
EXE International gateways to Vietnam Telecom International (VTI) /VNPT.

Cash-rich firms buying small rivals sustains M&A-study
Cash-rich companies that do not depend on bank financing will continue to buy up smaller rivals,
helping to sustain M&A activity over the next six months, according to a study released on
Thursday.
M&A activity will also come from companies who are forced to trim down operations due to the economic
downturn or private equity firms selling companies as they breach debt covenants or get hit by a worsening global
economy, M&A advisors said.
"One market that has not gone down is big companies buying smaller ones. They have the funds to do deals,"
said David Bernard of Thomson Reuters, which conducted a study with M&A advisory organization IMAP among
middle-market M&A boutiques.
Almost half of the M&A firms participating in the survey expected M&A activity to decrease moderately in the next
six months, the Thomson Reuters/IMAP study found.
Big companies such as Morgan Stanley and the big four accountancy firms like KPMG would likely suffer more,
said Axel Fuhri Snethlage, co-founder of Dutch M&A boutique Fuhri Snethlage & Joosten Flohil.
The credit crisis and economic downturn made the M&A market a "buyers market" as multiples had gone down,
good companies could always be sold for a premium, and strategic buyers, such as multinationals, were in a
strong position to finance deals, according to the study.
The multi-billion deals done by private equity firms before the credit crisis are not expected to come back soon.
"That market has dried up. It's totally dead," Fuhri Snethlage said.
Most deals are expected in the financial and energy and power sectors, according to the study, conducted in
September.
"If the results were obtained a few weeks later they would be a bit more negative," said Bernard, citing the mid-
September meltdown of Lehman Brothers and ensuing market turmoil.
Private equity deals such as the takeover of Dutch waste management company Van Gansewinkel or retailer
HEMA were examples of highly leveraged deals that might come under pressure due to the credit crisis and
economic slowdown, said Fuhri Snethlage.
"Especially deals for companies with cyclical operations are at risk," he said.
( ICE: Collection)


ICE18-Mergers &amp; Acquisitions NEWS

Hochgeladen von

Dokumentinformationen

Copyright

Verfügbare Formate

Dieses Dokument teilen

Dokument teilen oder einbetten

Freigabeoptionen

Stufen Sie dieses Dokument als nützlich ein?

Sind diese Inhalte unangemessen?

Copyright:

Verfügbare Formate

ICE18-Mergers &amp; Acquisitions NEWS

Hochgeladen von

Copyright:

Verfügbare Formate

Vietnam

Volunme ICE-18, Tuesday November 18th, 2008

Part 1: M&A Investment Opportunities

PART 1: M & A INVESTMENT OPPORTUNITIES

M&A-66: Selling a hotel in Ha Tinh Province

Location Thien Cam, Cam Xuyen, Ha Tinh province

Enterprise status Running

Transference form Whole transference

Transference price 15 billions

Operation types Joint stock company

Business field Financial, Management Funds

Financial Status Good and clear

Transference Form Transferring 75%

Transference price Negotiable

SUCCESS PROMOTION – COMPANY VALUE ENHANCEMENT Page 2

M&A- 68: Selling a company operating in tourism in Hanoi.

Business fields International travel, transporting deliver, business real-estate

Legal status Good

Financial status Clear, no tax debt

The strong points and the Operating in group

Transference form Whole transference

Transference price Negotiable

SUCCESS PROMOTION – COMPANY VALUE ENHANCEMENT Page 3

PROJECT INVESTMENT OPPTUNITIES

Location Hung Yen Province

Total investment 35,000,000,000 VND

Planning indicators of the - Area: 23089 m2

Economic indicators of the N/A

Co-operation forms Whole transference

Value of Investment 28,000,000,000 VND (Twenty eight billion dongs)

SUCCESS PROMOTION – COMPANY VALUE ENHANCEMENT Page 4

Location Long An Province

Available legal documents Approval by Long An Provincial People’s Committee

Co-operation forms Joint-venture or Financing

Value of Investment Transference of 40% shares: 100 billion VND

SUCCESS PROMOTION – COMPANY VALUE ENHANCEMENT Page 5

PART 2: GLOBAL MARKET M&A

SUCCESS PROMOTION – COMPANY VALUE ENHANCEMENT Page 6

Top Global M&A Deals

Target Acquiror Value ($M)

Altana AG SKion GmbH 1,180.3

Centennial Communications Corp AT&T Inc 920.1

China Times Group Tsai Family 621.1

Enea S.A. Vattenfall AB 595.0

Q Med AB Ivytan AB 498.5

Greater Gabbard Offshore Winds Ltd Npower Renewables Ltd 495.0

Yunnan Malong Industry Group Co Ltd Yunnan Yuntianhua Co Ltd 363.8

NVS Installation AB Imtech NV 297.1

Top Industries: Global M&A

Industry Deals Value ($M)

Grand Total 8,453 549,221.0

Financials 1,547 238,798.0

Industrials 1,871 74,284.9

Energy 373 48,476.6

Basic Materials 847 33,607.7

Utilities 256 31,487.0

Technology 900 30,834.5

Non-Cyclical Consumer Goods / Services 691 25,613.7

Healthcare 446 24,266.3

Telecommunications Services 171 20,995.7

SUCCESS PROMOTION – COMPANY VALUE ENHANCEMENT Page 7

Grauer said that Vietnam is among 161 economies monitored by Bloomberg,

SUCCESS PROMOTION – COMPANY VALUE ENHANCEMENT Page 8

Vietnam Investment Market

ICE18-Mergers & Acquisitions NEWS

ICE18-Mergers & Acquisitions NEWS