2011 saw several outstanding deals by foreign investors

News - KKR acquired 10pct stake in Masan Consumer at over VND220, 000 per share

Early 2011, Kohlberg Kravis Roberts (KKR), a world leading private equity firm bought 10pct share in the joint stock Masan Consumer Company at USD159 million. This giant obtained around 14.44 million shares, equivalent to more than USD11 or VND220,000 for each share, which has been the highest ever price.

Diageo bought 30pct stake in Halico at VND 213,600 per share
The drink company Diageo that owns such famous liquor brands as Johnnie Walker, Smirnoff attained 6 billion shares or 30pct stake in Hanoi Liquor Joint Stock Company (Halico), which may be triggered by the ambition to secure firm foothold in the domestic market. Halico is the domestic leading firm that produces brands of vodka, yet has experienced small volume of shares in circulation. Earlier, Habeco got hold of 54.3pct and VinaCapital nearly 24pct stake in this local manufacturer.

NTT Docomo purchases 25pct stake in VMG Media at VND 150,000 per share
The largest Japanese telecoms firm NTT Docomo spent roughly VND370 billion for acquiring 25pct stake in VMG Media Joint Stock (VMG Media) with a view to expand its value-added services in Asia-Pacific. Around 1.6 million shares were expected to be issued for NTT Docomo with VND150, 000 each.

Vinamilk issued 3pct stake at VND 130,000 dong per share
VNM's share was fixed at VND 100,000 at the time of issuance, yet foreign investors were willing to pay 30pct higher than that price. Currently, overseas investors hold the maximum 49pct stake in Vinamillk.

CFR International bought 40pct stake in Domesco at VND 53,000 per share
The pharmaceutical firm CFR International took up more than 40pct stake in the Domesco Medical Import Export Joint Stock Corporation (DMC) at around VND 53,000 per share. Presently, foreign investors hold 46pct stake in DMC, of which CFR International acquires 42pct. Over the last year, DMC's share price hit the high of VND 27,000 per share and is now hovering between VND 20,000 and VND22,000.

CBA took up additional 5pct stake in VIB at VND 46,000 per share
Late 2011 when bank stocks stood well below VND 20,000, Vietnam International Bank (VIB) issued additional 25 million shares for Commonwealth Bank of Australia (CBA) with VND 46,000 each. As such, CBA has by far poured VND 3,400 billion dong to buy 85 million shares (20pct of charter capital) with the average price of VND40,000 per share.

SBI Securities acquired 20pct stake in FPTS at VND 45,000 dong per share

Early 2011, FPTS sold 11 million shares to the Japanese Securities firm SBI at VND45,000 per share, much higher than the average among listed securities companies.

Talanx acquired 25pct stake in PVI at VND 36,000 per share
PVI's issue price was not noticeable, yet two times as much as its market value at the time of issuance. The Germany Insurance Firm Talanx spent USD 93 million purchasing 25pct stake in PVI Holdings at VND36,000 per share while PVI's market price fluctuated between VND16,000 and VND 18,000.

Also, earlier in 2010, Oman Investment Fund obtained more than 20 million shares from PVI at VND40, 000 which was two times as much as the market price at the time of issuance.