PHILUX Capital Advisors invests $200 million in Hoang Quan Group (HQC)
PHILUX Capital Advisors invests $200 million in Hoang Quan Group (HQC)
PHILUX Capital Advisors, a wholly-owned subsidiary of PHI Group, has just announced that it would pour VND4.6 trillion ($200 million) into domestic Hoang Quan Group to co-invest in real estate projects.
This investment could include industrial zones, ports, and resorts that Hoang Quan Group currently manages or is developing. In addition, PHILUX Capital will also advise and assist Hoang Quan Group in a comprehensive restructuring effort to access international capital markets and list their securities on the US or other major foreign stock exchanges.
According to Truong Anh Tuan, chairman of Hoang Quan Group, the cooperation with PHILUX Capital Advisors enables the company to utilise international experience and strength in restructuring and mergers and acquisitions (M&A) activities in international financial and securities markets.
“We are restructuring as a 're-startup' to ensure we have the resources and conditions for our real estate development plans in Vietnam and international markets,” said Tuan.
Hoang Quan Group has a diverse portfolio of products including industrial parks, real estate, social housing, and affordable and commercial housing in prime locations in Ho Chi Minh City and other locations, with 22 social housing projects, providing the market with more than 7,000 products. A number of products and industrial park projects have attracted both domestic and foreign investors.
After 20 years of operation, with equity capital of $500 million, Hoang Quan Group has developed an ecosystem of 30 member companies
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Established in 2004, PHILUX Capital Advisors is engaged in M&A, management consultancy, corporate finance, corporate restructuring, and advisory services.
The company’s management was instrumental in listing the first-ever Vietnamese companies on the US Nasdaq stock market (Cavico Corporation) and Frankfurt Stock Exchange (Philand Ranch Ltd.).
Currently, PHILUX Capital Advisors serves as the Investment Adviser to PHILUX Global Funds SCA, SICAV-RAIF, a Luxembourg bank fund with multiple sub-fund compartments for investment in real estate, agriculture, renewable energy, and healthcare as well as the proposed Chu Lai Multiple Commodities Center (CMCC) and the Asia Diamond Exchange (ADE) in the Chu Lai Open Economic Zone, in Quang Nam province. This will be the first rough diamond exchange in Asia, comparable with diamond exchanges in Antwerp and Dubai.
