Vingroup raises $1.3 billion from Singapore’s GIC via stake sale in units, loan

Singapore News

Vingroup raises $1.3 billion from Singapore’s GIC via stake sale in units, loan

HANOI (Reuters) – Vingroup VIC.HM has raised $1.3 billion by selling a stake in two of its units to Singapore’s Government Investment Corp and through a loan, also from the sovereign wealth fund, the Vietnamese property developer said on Tuesday.

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