In January 2024, significant investments in Vietnamese technology, transportation, and retail sectors totalled approximately USD164 million, with notable contributions from ShunSin Technology and MiTAC Technology.
Information on the Target
In January 2024, ShunSin Technology Ltd successfully completed a private placement, raising USD10 million with participation from a new investor, ShunSin Technology Holdings Ltd. This funding is intended to support the establishment of ShunSin Technology (Vietnam) Ltd, which is considered a long-term equity investment aimed at bolstering the company's production capabilities in co-packaged optics (CPO). The investment has been duly approved by shareholders, allowing the issuance of common shares.
Simultaneously, MiTAC Technology (Vietnam) Company Limited announced a funding round that is expected to yield USD30 million from Getac Holdings Corporation, which represents a significant partnership in this sector. This funding will enable MiTAC Technology to expand its operations within the competitive technology landscape of Vietnam.
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Industry Overview in Vietnam
The Vietnamese market has demonstrated resilience and growth potential across various sectors, with the technology industry leading the way in securing investments. Notably, technology firms accounted for approximately USD60.1 mil
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Disclosed details
Transaction Size: $164M
Net Income: $5M