Vietnam group TTC plans US$600m S'pore listing of sugar unit
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Ho Chi Minh City
VIETNAM'S TTC Group, a sugar, energy and real estate conglomerate, is stepping up production of the sweetener and seeking new investors as it gears up for a Singapore listing of one of its sugar units in five years that would raise about US$600 million.
Ahead of the planned share sale, the group's Thanh Thanh Cong Tay Ninh SC or TTC Sugar, will merge with another sugar company to create a combined entity worth US$200 million and Vietnam's largest sugar company, group officials said. TTC vice-chairwoman Dang Huynh Uc My, who has relocated to Singapore to spearhead the sugar unit's listing, declined to identify the local merger partner but said that the deal would be completed early next year.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
