AsemconnectVietnam - This investment deal marks the first time Hai An Transport and Stevedoring Joint Stock Company (HAH - HOSE) has succeeded in raising capital from issuing convertible bonds and starting to cooperate with partners of Fund management.

The ceremony took place in the presence of investor representatives of funds, including the Development Bank of Japan (DBJ), Daiwa Corporate Investment, and Mercuria Investment.
SSIAM, along with the consulting unit SSI Securities Joint Stock Company, is the investor leading the deal for Hai An to successfully issue VND500 billion in private convertible bonds. SSIAM has acted on behalf of major international institutions, including the Development Investment Bank of Japan (DBJ), Daiwa Investment Company (Japan), CP Group Thailand... to structure the investment and negotiate the terms and conditions, resolve arising issues and lead the deal on the right track and schedule.
As a result, 4 investors participated including: Japan South East Asia Finance Fund III L.P. (JSEAFF), Daiwa-SSIAM Vietnam Growth Fund III L.P. (DSVGF), Vietnam Growth Investment Fund L.P (VGIF) and SSIAM. SSIAM is also the manager of two private investment funds VGIF and DSVGF with Japanese partners.
Import/export activities in Vietnam will continue to grow strongly and will become the main driving force for the shipping industry. Demand for shipping has now passed the bottom, while new supply for small-sized ships is relatively stable. Faced with that situation, Hai An aims to build a strong fleet to increase domestic transport capacity and open intra-Asia transport routes.
Currently, Hai An is a large enterprise in the shipping industry in Vietnam with a closed shipping value chain including transportation, ports, warehouses and accompanying services. In 2024, Hai An is expected to increase its total capacity by 45% compared to the present, opening up opportunities to connect with new domestic and foreign routes.
N.Nga
Source: VITIC/Tinnhanhchungkhoan