Bien Hoa Consumer, UOB Venture Management sign strategic partnership for sustainable growth

Bien Hoa Consumer Joint Stock Company (BHC), a core subsidiary of TTC AgriS (AgriS, HoSE: SBT), has announced the successful completion of a strategic fundraising round from UOB Venture Management Pte Ltd (UOBVM) managed funds.

Under the agreement, UOBVM-managed funds will hold an approximately 12% stake, becoming a substantial shareholder.

Yuanta Securities Vietnam acted as the exclusive financial advisor.

This investment marks a pivotal step in BHC’s growth strategy as the company accelerates towards its planned IPO, while ramping up the distribution of clean and green products across domestic and international markets.

The investment from UOBVM-managed funds not only reflects strong confidence in BHC’s long-term growth potential, but also affirms the value of the circular commercial value chain model operated by AgriS - which spans across raw material cultivation, production, export, trade, and consumption.

Leveraging this new capital from UOBVM managed funds, BHC plans to invest in building a state-of-the-art food and beverage manufacturing facility to enhance production capacity, continually meet international standards and expand its portfolio, particularly in the segment of naturally sourced nutritional products.

As a key pillar of AgriS, following the group’s transition to a circular commercial value chain model, BHC now serves as the Commercial Center of the ecosystem.

The company operates a robust multi-channel distribution network (B2B2C2E), with nearly 2,000 business clients, more than 100,000 points of sale and e-commerce platforms.

BHC’s products have reached 69 countries, catering to global brands such as Coca-Cola, Pepsi, Nestlé, Masan, Vinamilk, and more.

Beyond its core sugar product lines, BHC has successfully expanded into high-value, health-oriented categories. The company’s diversified product portfolio includes organic offerings, nutritious beverages, cooking spices, and specialized products for homemakers and children - represented by well-known brands such as Bien Hoa sugar, Cocoxim coconut water, and Xim - Mom Cooks coconut cream.

UOBVM is a wholly-owned subsidiary of United Overseas Bank Limited (UOB), one of Asia’s leading banking and financial services groups, with over 20 years of presence in the Vietnamese market.

As part of its strategic push to expand financial investments across Southeast Asia, UOBVM has identified Vietnam as a key growth market, with Ho Chi Minh City expected to play a central role as a regional financial hub in the coming years.

UOBVM’s position as a major shareholder in BHC underscores the strategic alignment between the two parties, combining UOBVM’s strong financial capacity and global network with BHC’s solid internal foundation and deep understanding of Vietnam’s and the region’s consumer markets.

The partnership will focus on deploying supply chain finance solutions across the entire agricultural value chain, aiming to optimize financial resources and drive long-term, sustainable growth across BHC’s operations - from production to distribution.

UOB Venture Management’s CEO, Seah Kian Wee, stated: "We greatly appreciate BHC’s capabilities in developing clean, green, and natural product lines that align with fast-emerging consumer trends across the ASEAN region, with over 600 million people. We have strong confidence in the long-term growth potential of Vietnam’s consumer and food & beverage sectors.

"AgriS and Bien Hoa Consumer have demonstrated outstanding capabilities in building an integrated agricultural value chain, advancing sustainable product innovation, and expanding regional market access. Their model aligns perfectly with UOBVM’s philosophy of long-term investment and sustainable development. We look forward to working alongside AgriS not only as a capital partner but also by supporting the implementation of supply chain finance solutions, expanding distribution networks, and preparing for strategic milestones such as a future IPO."

AgriS lays long-term foundation for IPO and globalization of Vietnamese agricultural products

Speaking at the signing ceremony, Dang Huynh Uc My, chairwoman of AgriS, emphasized: “This is not merely a capital raise - we are shaping a long-term journey to bring Vietnamese agricultural products and food into the global value chain. The partnership with UOBVM is a clear testament to our commitment to an integrated strategy that unites finance, technology, commerce, and agriculture - a vision that AgriS remains steadfast in pursuing."

With an impressive growth rate (a four-year revenue CAGR of 13.6% and gross profit CAGR of nearly 25%), alongside a portfolio of natural products aligned with global consumption trends, BHC is expected to become a rising star in Vietnam’s F&B industry and aims for a successful IPO in the near future

According to the executive board, AgriS will continue to accelerate its new business model, expand international sourcing areas, and launch new nutritional product lines. The company places strong emphasis on applying technology throughout its production and supply chain to enhance operational efficiency and optimise product quality.

In terms of organizational structure, AgriS will broaden collaboration opportunities for strategic partners to participate in its ecosystem, attract additional capital from both domestic and international investors, and strengthen resources for its long-term global growth strategy.