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Vietnam’s burgeoning print and packaging industries face escalating risks and competition as foreign acquisitions gain ground, spotlighting the imperative for domestic firms to fortify their market presence and managerial acumen.
Tuesday, December 15, 2020, 15:14 GMT+7 This undated supplied photo is pictured inside a factory of Bien Hoa Packaging in Vietnam. TCG Solutions Pte, a subsidiary of Thailand's conglomerate Siam Cement Group (SCG), has announced its plan to purchase over 12 million shares, or a 94.11 percent stake, of Bien Hoa Packaging (Sovi). The transaction is set to take place from December 16 to 31. Given the current market price of VND81,500 (US$3.5) per Sovi share, TCG is expected to spend more than VND978 billion (US$42.23 million) on the deal. Earlier, Sovi paved the way for the acqusition by raising...