According to a report by a Korean newspaper, SK Group, the third largest chaebol in South Korea, is expecting to earn 720 million USD through selling its investments in Vietnam. Since 2018, SK Group has formed partnerships with key Vietnamese companies such as Vingroup and Masan, investing around 2.5 billion USD in various sectors including distribution, consumer goods, real estate development, and healthcare.
However, recent news suggests that SK Group is reconsidering its investment strategy in Vietnam and may be looking to divest from certain companies. The Maeil Business Newspaper announced that SK Group has exercised an option to sell its shares and divest 9% of its capital in Masan Group. The company is also reportedly in negotiations to sell shares in Vingroup. Despite the share sales, SK Group plans to continue its cooperative relationship with both companies.
During an investor meeting held by Masan group, General Director emphasized that SK Group would not rush to sell Masan shares and affirmed their long-term partnership aimed at maximizing value for both parties’ shareholders. Meanwhile the board of directors at Masan also affirmed that SK Group is a long-term partner and they are working on more cooperation plans for the future.
SK group has been undergoing restructuring of its investments and aims to generate approximately 720 million USD through handling non-core investments in order to ensure cash flow. Despite speculation that SK group may withdraw from Vietnam entirely, the company has denied these rumors and expressed their commitment towards making Vietnam a business base in Southeast Asia.
In addition to its investments in Vietnam, the article also lists various topics related to buying and selling homes including how to sell a house online, benefits of selling for cash, working with real estate agents and investing in digital real estate which could help you make informed decisions about your property investment portfolio
