News

VinFast to spin off assets in $1.5 billion deal with founder

The EV marker to spin off part of its R&D unit to a newly formed company, known as Novatech Research and Development SJC.

VinFast founder to inject another $1.5 billion in exchange for R&D assets

VinFast's founder Pham Nhat Vuong has agreed to buy the EV maker's research and development arm for $1.52 billion, his latest ...

Vietnam’s EV Maker VinFast To Sell R&D Assets To Billionaire Founder For $1.5 Billion

The deal would be the latest cash injection by billionaire Pham Nhat Vuong to make loss-making VinFast a viable player in the ...

VinFast to Spin Off R&D Assets in $1.5 Billion Deal With Founder

Vietnamese electric vehicle maker VinFast Auto Ltd. announced plans to spin off part of its research and development unit ...
The Financial Express1d

VinFast founder to invest $1.5 billion in exchange for R&D assets

Pham Nhat Vuong, the founder of electric vehicle company VinFast, has injected another $1.52 billion into the company by ...
Auto12320h

VinFast Founder Injects $1.52 Billion USD by Buying Out R&D Division

VinFast’s founder is investing $1.52B USD to buy out the automaker's R&D division, in a bid to help the firm attain ...

VinFast to spin off R&D assets, sell shares to founder for $1.5 billion

VinFast will spin off certain research and development assets into a new entity, Novatech, and sell all its shares to founder ...

BRIEF-VinFast Spins Off Unit, Transfers Shares to Pham Nhat Vuong

VINFAST AUTO LTD - SPIN-OFF OF NEW COMPANY FROM VINFAST TRADING AND PRODUCTION JSC AND SHARE TRANSFER OF NEW COMPANY TO PHAM NHAT VUONG * VINFAST AUTO LTD - VFTP TO REMAIN DIRECT UNIT OF CO AND ...