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Singapore-based real estate technology company PropertyGuru – one of the largest in Southeast Asia – has agreed to a merger with special purpose acquisition company (SPAC) Bridgetown 2 Holdings.
The merger is set to close within the fourth quarter of 2021 or early 2022, will form a new combined entity set to be worth US$1.78 billion. The new entity will also be listed publicly on the New York Stock Exchange (NYSE).
PropertyGuru, which was founded in Singapore in 2007, has since grown to become a leading real estate services company serving millions of potential buyers or renters each month across countries such as Singapore, Malaysia, Vietnam, Thailand, and Indonesia.
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Multipolar Seeks to Buy Back 10% Shares
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VIETNAM BUSINESS NEWS JULY 19 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
19/07/2021 09:28 GMT+7
Shares to move sideways with low liquidity
The market will continue to move sideways this week with low liquidity to gradually form a strong enough accumulation base before returning to the uptrend, analysts said.
The VN-Index was maintaining the recovery span from the support area of 1,286-1,261 points with low liquidity, which was a typical sign for an accumulation period, said analysts from SSI Securities Joint Stock Company (SSI).
“The current bottom-fishing demand is still weak, so it was likely that the VN-Index will continue to move sideways with low liquidity,” they said.
VIETNAM BUSINESS NEWS JULY 18 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
18/07/2021 11:09 GMT+7
Over 425 million tonnes of cargo handled at seaports in seven months
The total volume of cargo handled at Vietnamese seaports is estimated to reach more than 425 million tonnes in the first seven months of 2021. (Photo: VNA)
The total volume of cargo handled at Vietnamese seaports is estimated to reach more than 425 million tonnes in the first seven months of2021, up 6 percent over the same period last year, according to the Vietnam Maritime Administration (VMA).
Of the figure, export cargo hit over 106 million tonnes, a year-on-yearincrease of 9 percent, while import cargo stood at roughly 133 million tonnes,up 2 percent. The handling of domestic goods neared 184 million tonnes, up 7percent year-on-year.