Bamboo Capital Group and 1-5 Auto signs comprehensive cooperation agreement
Bamboo Capital Group (BCG) and 1-5 Auto on Thursday have entered into a comprehensive cooperation agreement. The agreement will enhance concrete communication, collaboration and cooperation between BCG and 1-5 Auto.
Sitting (left to right): Mr. Nguyen The Tai – Vice Executive Chairman cum CEO of BCG and Mr. Pham Duc Dung – President of 1-5 Auto at the signing ceremony
- BCG’s collaboration with 1-5 Auto in developing truck and bus businesses;
- BCG will officially be the financial advisory for 1-5 Auto, providing the company with financing and listing consulting services in 2016;
- The Board of Management of 1-5 Auto will welcome BCG to invest in 1-5 Auto and hold more than 50% of the company’s shares in 2016.
Mr. Nguyen The Tai – Vice Executive Chairman cum CEO of BCG highlighted the importance of the strategic cooperation with 1-5 Auto - the leading automobile manufacturer with long history in the industry: “This cooperation agreement will surely foster synergies between the expertise, know-how and potentials in BCG and 1-5 Auto in order to bring both greatest economic and social efficiency.”
Board members and key personnel of BCG and 1-5 Auto at the signing ceremony
About 1-5 Auto
Established in 1956, 1-5 Auto Joint Stock Company has currently become the leading auto manufacturer in Vietnam with nation-wide auto showrooms and strong distribution network. 1-5 Auto possesses full-equipped factories, modern technology and production lines with more than 100 batching plants and strong capacity of more than 5,000 cars per year, providing to market a wide-range of products including transporting vehicle, 29 to 80-seat bus, heavy-duty truck, light-duty truck, special use vehicle, Asphalt cement batching plant, rock grinder, auto/train/ship interiors and accessories made of composite and leather.