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Apac Realty to acquire additional 22% of ERA Vietnam, taking stake to 60%

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Raphael Lim

Raphael Lim

Published Mon, Jan 9, 2023 · 05:30 PM
    • Pham Thanh Tuan, CEO of ERA Vietnam and Marcus Chu, CEO of Apac Realty during the signing ceremony on Jan 9.
    • Apac Realty CEO Marcus Chu is confident that the company’s latest investment will support ERA Vietnam’s next phase of growth, and allow for greater value for Apac Realty shareholders over the long term.
    • Pham Thanh Tuan, CEO of ERA Vietnam and Marcus Chu, CEO of Apac Realty during the signing ceremony on Jan 9. PHOTO: APAC REALTY
    • Apac Realty CEO Marcus Chu is confident that the company’s latest investment will support ERA Vietnam’s next phase of growth, and allow for greater value for Apac Realty shareholders over the long term. PHOTO: BT FILE

    REAL estate services provider Apac Realty is acquiring an additional 22 per cent stake in ERA Vietnam and Eurocapital as it seeks to grow its business in Vietnam.

    The move will take its shareholding in each of the companies to 60 per cent.

    The group, which operates the ERA real estate brokerage business in Singapore, said on Monday (Jan 9) that it will acquire the shares in the companies for S$4.9 million, subject to additional earn-out payments of up to S$10.5 million.

    M&Aapac realtyERA RealtyVietnamAsean Business

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