About PAN

The PAN Group completed its private placement of 10% stake to Sojitz (Japan)

In Hanoi, on September 25th, 2018, The PAN Group (HOSE: PAN) completed the private placement of 13.4 million shares for Sojitz Group at VND61,000 per share. Sojitz invested VND817.4 billion, becoming a major shareholder holding 10% stake in PAN.

The PAN Group’s charter capital increased from VND1,202 billion to VND1,336 billion.  This private placement provides PAN with more financial resources to invest and implement the next M&A projects in its development strategy in agriculture and food industries. More importantly, Sojitz has been chosen as a strategic partner of PAN to implement mutual beneficial cooperation on the basis of upgrading Vietnam’s agricultural and food products for distribution to domestic and international markets.

"This is an important milestone in The PAN Group’s development path. Our selection criteria focused on a business partner rather than choosing a purely financial investment organization. Together with the capital contribution, we establish the Collaboration Committee which includes key leaders from the two Groups, and is chaired by The PAN Group chairman. The Committee will bring together top industrial experts from Vietnam and Japan in order to formulate and promote implementation of agricultural and food projects of the two Parties in Vietnam and other countries in the region. I believe that the cooperation will contribute to leverage Vietnamese agricultural and food products in international markets.” said Ms. Nguyen Thi Tra My – Chief Executive Officer of The PAN Group.

Commenting on the deal, representative of the advisor, Ms. Nguyen Ngoc Anh - Director of Investment Banking North - Saigon Securities Incorporation (SSI), said: "This is a special deal in the M&A market of agriculture and food sectors. Japanese investors are very selective in choosing partners and often conduct thorough research before making investment decisions. Meanwhile, The PAN Group, when choosing a strategic partner, also demands stringent criteria as the Company has an attractive business strategy and is in the process of accelerating its development. In addition to the need for capital, PAN desires to choose a partner who may understand and fully support development strategy of the Company, have professional management system and can help bring PAN’s products to the world market. Therefore we had worked together for a long time to study each other's development strategies, and considered the possible added value for each party after the deal."

Besides the capital investment, both parties also committed to share market information of Vietnam, Japan and the world, in order to expand and develop new potential markets and products for the PAN’s members, as well as consult and make assessment of existing resources and advantages of PAN in order to promote Vietnamese products to the world market.

The capital contribution to PAN also marked a turning point in Sojitz's investment strategy as this is a return of Sojitz to invest in a listed company after many years. The deal brought about strategic cooperation between the two companies which have strict and professional criteria in choosing partners for joint development.

About The PAN Group
Established in 1998, The PAN Group is currently the leading company in Agriculture and Food industries with total assets of VND 7,600 billion by the end of QII.2018 and estimated revenue of VND8,786 billion by the end of 2018. With a commitment to creating sustainable values on behalf of farmers, families and society by offering the markets with trusted and innovative agriculture and food products, PAN has achieved a robust revenue CAGR of nearly 80% over the past 5 years. The Company expects to continue to expand significantly in the next few years.

About Sojitz Group
Sojitz is a Japanese multidisciplinary Company operating globally, which consists of 440 subsidiaries and affiliates located throughout the world. As a general trading company, the Sojitz Group is engaged in a wide range of businesses globally, including buying, selling, importing, and exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects, in Japan and overseas. The Company reports total revenue of JPY1,816 billion (USD16.2 billion) and assets of JPY2,350 billion (USD 21 billion). Sojitz has invested in Vietnam since early 1970s in many fields, including finance, energy, mineral resources, food, agriculture and forest resources, consumer goods, and industrial parks.

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