Deal Closing Update: YKVN advised VN packaging leader Duy Tan Plastics in the sales of 70% stake to Thailand’s SCG.
Further to the news in March 2021, it is our pleasure to announce that the deal was successfully closed on 23 July 2021 with a publicly reported value up to VND 6,400 billion (approximatively USD 278 million).
“This is a landmark M&A transaction in Vietnam especially in the context of Covid-19 pandemic. It took almost five months to close the deal under the most serious 4th wave Covid-19 outbreak in Ho Chi Minh City. The restrictions, lockdown, and the stringent measures adopted by the local government generated a very challenging environment for the selling party to satisfy the requirements of the buyer and fulfill the conditions precedent. This unprecedented situation made the closing of the deal a quite unique experience from a counsel perspective,” Vu Dzung, YKVN Lead Partner.
YKVN represented the shareholders of Duy Tan Plastics Manufacturing Corporation (“Duy Tan”) in relation to the sales of 70% stake in Duy Tan to SCG Packaging Public Company Limited (“SCGP”), a subsidiary of Siam Cement Public Company Limited.
For more information, please contact YKVN Marketing Team:
T: (+84-28) 3 822 3155
(Credit image: SCG)