HANOI, March 19 (Bloomberg): VinFast, a Vietnamese electric vehicle maker, is exploring a funding round to raise US$500 million to US$1 billion ahead of a potential US. listing, according to people with knowledge of the matter.
The unit of conglomerate Vingroup JSC could raise the funds by issuing convertible debt, said the people, who asked not to be identified as the process is private. The carmaker and its financial advisers have reached out to prospective investors to gauge interest, the people said.
Already a subscriber? Log in.
Subscribe to The Star Yearly Premium Plan for 30% off
Cancel anytime. Ad-free. Full access to Web and App.
Monthly Plan
RM 13.90/month
RM 9.73/month
Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.
Best Value
Annual Plan
RM 12.39/month
RM 8.63/month
Billed as RM 103.60 for the 1st year, RM 148 thereafter.
