Industrial property developer Becamex cancels $85 mln bond issuance

Industrial property developer Becamex cancels $85 mln bond issuance

Vietnamese industrial property developer Becamex, backed by global private equity firm Warburg Pincus, has decided to cancel a plan approved in 2022 to issue private placement bonds worth VND2 trillion ($85.2 million) due to unfavorable market conditions.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Industrial property developer Becamex posts $74 mln profit in 2022 thanks to joint ventures, associates

Industrial property developer Becamex posts $74 mln profit in 2022 thanks to joint ventures, associates

Becamex IDC, Vietnam's leading developer of large-scale industrial townships, reported an after-tax profit of VND1,724 billion ($73.52 million) in 2022, of which VND1,145 billion ($48.83 million) came from its joint ventures and associates.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7