ANNOUNCEMENT OF THE SIGNING CEREMONY OF STRATEGIC INVESTMENT BETWEEN VIG AND TECHGEL

14:28 - 14/10/2020

 

 

 

At 10:30am, on October 14, 2020, at the headquarters of TECHGEL, the signing ceremony of a strategic cooperation contract between VIG Investment Joint Stock Company (Trade name as VIG) and Saigon Technologies, Inc. (TECHGEL), there was a great success, marking the potential for strategic cooperation for investment in technology projects in the field of renewable energy, the environment ... as well as using a number of financial services.

 

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I. On the side of TECHGEL, the ceremony included:

1. Mr. Dang Cong Ngon                             Position: Chairman of the Board of Directors

2. The Members of the Administrative Council

3. The Members of the Board of Directors

II. From VIG's side, the ceremony included:

1. Mr. Nguyen Duy Tuong                           Position: Chairman of the Board of Directors

2. The Members of the Investment Council

III. In addition, there were some guests attending the ceremony as follows:

1. VIETNAM JOINT STOCK COMMERCIAL BANK FOR INDUSTRY AND TRADE

Mr. Nguyen Anh Tuan                                 Position: Director of Vietinbank Dong Anh

2. HO CHI MINH CITY DEVELOPMENT JOINT STOCK COMMERCIAL BANK

Mr. Nguyen Ngoc Lam Position: Chairman of HD Bank

IV. The main content of a strategic cooperation contract:

1. Establish an investment company

 - Business activities: The Parties agreed to establish a joint stock company to invest in environmental and energy projects ...

 - Company name in English: TECHGEL INVESTMENT JOINT STOCK COMPANY.

 - Abbreviation name: TECHGEL INVEST.

 - Investment and development of the Company: Party A will make financial investments for the Company. Party B will be the EPC general contractor for the Company.

2. M&A consulting, financial consulting

 2.1 M&A consulting services

  - Seeking strategic partners to invest in business activities and / or projects of Party B;

  - Evaluate and assess the financial and legal capacity of the partners to advise Party B to choose a partner with sufficient financial capacity to invest in the business activities and / or Project of Party B to be successful. fruit.

  - Time to perform M&A consulting service: Expected to start from April 1, 2021

 2.2 Financial Consulting Services

  - Consulting on financial mobilization, building a financial structure / model for the purpose of mobilizing bonds or another form of financial mobilization in accordance with the investment and business needs of Party B;

  - Advising Party B to prepare documents, carry out procedures, support negotiation to issue bonds, issue listed shares on the stock exchange or by another form of capital mobilization and disbursement of money necessary;

  - On behalf of Party B, representatives of Party B work with credit institutions, financial institutions / institutions, prepare documents and other jobs to mobilize investment capital for investment and business activities of B side.

 

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There is an old saying from Africa that says: “If you want to go fast, go alone. If you want to go far, go together.”. We, VIG and TECHGEL based on the capabilities, long experience of each company and mutual trust, will definitely achieve great achievements in the future on a new path.