June 29, 2017 12:51 AM ET

Food and Staples Retailing

Company Overview of Saigon Union of Trading Co-operatives

Company Overview

Saigon Union of Trading Co-operatives operates a chain of supermarkets in Vietnam. The company also operates hypermarkets; a trading center that offers fashion, cosmetics, jewelry, accessories, household appliances, an entertainment area and multi-regional food court area, etc. for families, youth, servants, and officials, as well as an entertainment area for children; a selling television channel; a food store series; a convenient store series; and a shopping place. It also engages in the investment, construction, and management of a trading center; imports and distributes pens, shampoos, soft washes, nutrition products, milk, and foods for children; and produces sauces. Saigon Union of Tra...

199-205 Nguyen Thai Hoc

District 1

Ho Chi Minh City,  70000

Vietnam

Founded in 1989

Phone:

84 8 3 836 0143

Fax:

84 8 3 837 0560

Key Executives for Saigon Union of Trading Co-operatives

President
General Director
President of the Management Board and Director
Compensation as of Fiscal Year 2016.

Saigon Union of Trading Co-operatives Key Developments

Saigon Co-op And Masan Group Mull Big C Acquisition

Saigon Union of Trading Co-operatives and Masan Group Corporation are seeking to acquire Big C Supercenter Public Company Ltd. (SET:BIGC) from Casino, Guichard-Perrachon Société Anonyme (ENXTPA:CO). Apart from Masan Group and Saigon Union of Trading, Aeon Co., Ltd. (TSE:8267), The Central Group and LOTTE Korea are also seeking to acquire Big C. Saigon Co-op said it has passed the first round of the bidding which was due on March 10, 2016. Casino is now reviewing the bids and will choose around five companies to conduct due diligence. Final, fully financed offers are then due around mid-April before a decision is made. Diep Dung, Chairman of Saigon Co.op, said his company is keen to buy Big C Supercenter.

Saigon Union of Trading Cooperatives and Wilmar International Limited Announce Joint Venture Contract to Establish Nam Duong International Foodstuff Corporation

Saigon Union of Trading Cooperatives and Wilmar International Limited announced the execution of a joint venture contract to establish Nam Duong International Foodstuff Corporation, a limited liability company to be incorporated in Vietnam with 2 members (49% Saigon Co-op & 51% Wilmar Group) specialising in the manufacture of sauces and condiments for both the domestic and export markets. Nam Duong International Foodstuff Corporation shall undertake a project with a total investment capital of VND 577.2 billion (equivalent to USD 25.6 million) to construct a new factory in the Hiep Phuoc Industrial Park, Nha Be District, Ho Chi Minh City which will take over the current operations of Saigon Co-op's factory for the manufacture of sauces and condiments sold under the Nam Duong brand. Nam Duong International Foodstuff Corporation will leverage on Saigon Co-op's strength in distribution and Wilmar's experience in manufacturing operations as well as its research and development in food technology and also tap on Wilmar's global network for export sales.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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