Emerging companies in Vietnam: international capital markets and M&A seminars in Hanoi and Ho Chi Minh City.

20 July 2017

Capital markets around the world continue to attract international companies and M&A activity remains strong despite widespread uncertainty. This is no less true for companies in Vietnam.

London remains the market of choice for many international companies considering an IPO as a stage in the exit process. They are attracted by the liquidity and investor depth offered and a practical, well balanced principles-based regulatory framework. Activity in London capital markets remains strong in 2017 to date, with over 60 IPOs and secondary listings. During this period, nearly £2 billion has been raised.

Currently, approximately 40% of the total London market by number is represented by overseas businesses, including those from the Asia Pacific region.

Minerva Trust & Corporate Services, alongside the London team from international accounting group Crowe Horwath and the Singapore office of international lawyers Reed Smith, hosted capital markets and M&A seminars in June at the Melia Hanoi Hotel, Hanoi and at the Park Hyatt Saigon Hotel, Ho Chi Minh City, in association with the UK Department of International Trade.

These forums discussed the financing, growth and exit options and opportunities that exist for emerging companies in Vietnam and provided an update on capital markets activity and options. They also covered raising capital, growing a business and finding the most appropriate exit route for shareholders, by way of a trade sale or an IPO or a secondary listing on a UK or Asia Pacific market.

Local companies and advisers were given practical case studies of successful transactions undertaken by emerging SE Asia based companies. Gavin Wilkins, Client Relationship Director at Minerva and one of the speakers, said: “For Asian businesses looking to list on the London markets, Jersey is the jurisdiction of choice for the formation of an international group holding company due principally to its international standing, political & economic stability and the robust governance standards and infrastructure which is in place. Investors in London listed Jersey incorporated companies are protected by the UK takeover code and the companies’ shares can be traded without the need for depositary instruments. Ultimately this contributes to the chances of the IPO successfully raising the funds required from investors which is often the primary objective.” 

Gavin added “Uncertainty persists and we’ve already had plenty of surprises in 2017. Whilst none of us can predict the future, we can do our best to make sure that we have evaluated our business and financial plans to ensure that we can be as nimble as possible and put ourselves in the best possible position to be able to react quickly to whatever changes 2017 still has in store for us. It is more important than ever to ensure that business and private wealth structures are as robust and future proof as possible.”

For further discussion on this topic please refer to the article linked here which Gavin was invited to contribute to an Asian news publication in June. For more information concerning Minerva’s capability in this area please contact Gavin or Graeme Paton at Minerva in Jersey:

Gavin Wilkins
E-mail: gavin.wilkins@minerva-trust.com
Tel: +44 (0)1534 702815

Graeme Paton
E-mail: graeme.paton@minerva-trust.com
Tel: +44 (0)1534 702835

 

 

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