Asia Member Firms Collaborate on Asset Management Investment

Bae, Kim & Lee LLC (“BKL”) advised Hanwha Asset Management, affiliate of Korea’s eighth largest conglomerate, Hanwha Group, on the acquisition of convertible dividend preference shares of Vingroup JSC (“Vingroup”). Vingroup is the first ranked company in terms of market capitalization in Vietnam and has a dominant presence in businesses including real estate, retail, and leisure. BKL’s Vietnam team and Vietnam office contributed to the successful closing of the transaction by advising on all legal aspects of the transaction.

This is Hanwha’s bet on Vietnam’s future growth by establishing the Fund to invest in Vietnam companies that are expected to grow and make high profits, with their excellent business capabilities and stable financial structure. VILAF has acted as a legal counsel for Vingroup to close this transaction successfully.