{"id":340,"date":"2019-08-05T12:16:47","date_gmt":"2019-08-05T12:16:47","guid":{"rendered":"https:\/\/webuiexpert.com\/skymont\/?p=340"},"modified":"2025-01-24T03:08:28","modified_gmt":"2025-01-24T03:08:28","slug":"sonkim-land-prevails-in-fundraising","status":"publish","type":"post","link":"https:\/\/demellows.com\/skymont\/sonkim-land-prevails-in-fundraising\/","title":{"rendered":"SonKim Land Prevails in Fundraising"},"content":{"rendered":"\t\t
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SonKim Land Corporation, a pioneering luxury property developer in Vietnam, last week announced the successful closing of approximately $121 million in fundraising from an international investor consortium.<\/h6>\n\n\n\n

\"sonkim<\/p>\n\n\n\n

SonKim Land continues receiving large investments from existing and reputable international investors<\/p>\n\n\n\n

The follow-up round of fundraising for SonKim Land, after a successful initial investment of approximately $37 million in 2013 and $46 million in 2016, is sponsored, advised, and led by EXS Capital, an independent investment group based in Hong Kong and dedicated to the Asia Pacific region.<\/p>\n\n\n\n

With the fresh fundraising, SonKim Land will again partner with existing investors ACA Investments, one of the best-performing Japanese fund managers based in Singapore, and Lemongrass Master Fund (an \u00adentity managed by EXS Capital), both of whom have committed additional funds to this round of fundraising.<\/p>\n\n\n\n

Hiroyuki Ono, partner at ACA Investments, said, \u201cWe are delighted to increase our investment into SonKim Land more than five times from the initial investment in 2016. We \u00adcongratulate chairman Nguyen Hoang Tuan and CEO Andy Han for the well-\u00addeserved fundraising as they prove to us every year that they can \u00addeliver the best projects in \u00adVietnam.\u201d<\/p>\n\n\n\n

\u201cWe are pleased to correspond to their achievements by bringing more capital together with new investors. We continue to support SonKim Land and look forward to bigger successes,\u201d he added.<\/p>\n\n\n\n

Eric Solberg, CEO of EXS Capital said, \u201cWe are pleased to sponsor this third round of investment. As our partner since 2013, SonKim Land continues to deliver strong results and reinforce its reputation as one of Vietnam\u2019s best real estate developers. We look forward to working with the new co-investors on the company\u2019s continued success.\u201d<\/p>\n\n\n\n

In addition, SonKim Land is working with other new investors for this round of fundraising including Skymont Capital, an Asian-based investment management group, as well as Credit Suisse, one of the most active global financial institutions in Vietnam. Credit Suisse\u2019s Rehan Anwer, co-head of Southeast Asia and Frontier Markets Investment Banking and Capital Markets, said, \u201cCredit Suisse is committed to serving the diverse financing needs of entrepreneurs and we are proud to play a role in supporting SonKim Land\u2019s further growth as it fulfils its ambitions to be among Vietnam\u2019s leading real estate investment and development companies.\u201d<\/p>\n\n\n\n

Alex Lin, managing partner at Skymont Capital, commented, \u201cWe look forward to working with SonKim Land as well as the co-investors to create exceptional value for all stakeholders in one of the fastest growing markets in the region. This investment exemplifies Skymont\u2019s continued commitment to the region.\u201d<\/p>\n\n\n\n

Alongside these investors, parent company SonKim Investments will also be participating in this fundraising round to continue fuelling the company\u2019s growth. The investor consortium and SonKim Investments are placing money through a combination of redeemable convertible loans and common equity.<\/p>\n\n\n\n

Since 2013, SonKim Land has grown rapidly, with its latest award-winning luxury properties in Ho Chi Minh City including Serenity Sky Villas and the launch of Metropole Thu Thiem. The developments have won several awards in Vietnam and globally, including Best Condominium in Asia-Pacific and Best International Condominium at the 2018 International Property Awards in London. SonKim Land also won Best Boutique Developer in Vietnam and Asia, further reinforcing its reputation as a world-class real estate company.<\/p>\n\n\n\n

With this latest round of fundraising, SonKim Land aims to continue increasing its pipeline of attractive developments across the country including luxury residential, commercial, and hospitality developments in Ho Chi Minh City.<\/p>\n\n\n\n

SonKim Land chairman Tuan said, \u201cThe success of this $121 million fundraising with investment from prestigious international investors has marked a great milestone for us. We will continue to uphold our reputation as the pioneering luxury property \u00addeveloper in Vietnam, as well as \u00adfurther expand our business in larger-scale projects in residential, commercial, and hospitality sectors. The real estate market of Vietnam will be kept amazed by our world-class quality projects.\u201d<\/p>\n\n\n\n

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SonKim Land Corporation, a pioneering luxury property developer in Vietnam, last week announced the successful closing of approximately $121 million in fundraising from an international investor consortium. SonKim Land continues receiving large investments from existing and reputable international investors The follow-up round of fundraising for SonKim Land, after a successful initial investment of approximately $37 […]<\/p>\n","protected":false},"author":1,"featured_media":336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/demellows.com\/skymont\/wp-json\/wp\/v2\/posts\/340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/demellows.com\/skymont\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demellows.com\/skymont\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demellows.com\/skymont\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demellows.com\/skymont\/wp-json\/wp\/v2\/comments?post=340"}],"version-history":[{"count":3,"href":"https:\/\/demellows.com\/skymont\/wp-json\/wp\/v2\/posts\/340\/revisions"}],"predecessor-version":[{"id":2034,"href":"https:\/\/demellows.com\/skymont\/wp-json\/wp\/v2\/posts\/340\/revisions\/2034"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demellows.com\/skymont\/wp-json\/wp\/v2\/media\/336"}],"wp:attachment":[{"href":"https:\/\/demellows.com\/skymont\/wp-json\/wp\/v2\/media?parent=340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demellows.com\/skymont\/wp-json\/wp\/v2\/categories?post=340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demellows.com\/skymont\/wp-json\/wp\/v2\/tags?post=340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}