VTC Online has completed the procedures in Duxton deal with after half a year of negotiations. Deputy Director of VTC Online Duxton said “the” best job at VTC online game network online and go.vn
According to the announcement from JSC Communications VTC Online (VTC Online): in 7/2012, this company has received $ 10 million investment from the Fund DWS Vietnam Fund. According to the company is dealing with large-scale investment in the IT industry in Vietnam at a price per share is higher than all the companies listed this year.
Under the contract, VTC Online will use the amount of investment from DWS Vietnam 5 groups continue to develop products and services of their strategy, including:
(I) Development of Vietnam Network (go.vn);
(Ii) Production of games on all platforms;
(Iii) Issuance of domestic and international games;
(Iv) The development of communication products and services, television and
(V) Development of online and offline education.
DWS Vietnam Fund VTC Online investing through a fund management company Duxton Asset Management Pte Ltd (Duxton). DWS Vietnam Fund is an investment fund in Singapore under the Deutsche Bank (Germany).
This is the 2nd funds invested in the VTC Online IDG Ventures Vietnam (IDG). With the participation of DWS Vietnam Fund, the percentage of shares held by the VTC Online institutional investors has increased over 60 %, of which, three major shareholders Media Corporation VTC Multimedia, DWS Vietnam Fund and IDG Ventures Vietnam.
According to Phan Sao Nam, Chairman of VTC Online, Duxton Fund rated online strategy that VTC is doing, which appreciated in developing Social Media includes TDE, goPlay, goClip, goMusic, goNews, tai ola kul … Communication including myGo, goTalk, goForum, hinh nen dien thoai … There is also an array of education is considered to be the difference.
With the investment of the fund Duxton, VTC Online is making the investment more in-depth, long-term investment than to ensure sustainable development. VTC Online has more focus on two core business areas are go.vn Vietnam-Network and online gaming – TDE.
Mr Nam said, VTC Online will establish investment funds Fund Chairman. The Fund will invest in the group with the concept is feasible with a total budget of about $ 3 million cash + 2 million cash tangible assets and intangible.
VTC Online Board has set a goal, by 2015, the Company shall be eligible for listing on the NASDAQ Stock Exchange (United States), or HKEC (Hong Kong), or SGX (Singapore), or the KOSDAQ (Korea ) and corals (Vietnam).
Duxton Fund may invest in companies on information technology (IT). The deal is invested in VTC Online first Duxton business investment in IT. Duxton is a financial investment fund which invests in industries related to food or consumer.
The Duxton – a financial investment funds pour money into the VTC Online may also suggest that the financial indicators of the VTC Online also relatively “nice”.
Duxton When asked why the decision to invest in the VTC Online is a company specializing in IT, Le Quy Quoc, Deputy Director of VTC Online – who were directly involved in the negotiation process for the past half year Duxton said: “The point of investing in Duxton VTC Online Social Media in the array with Vietnam go.vn network and online gaming. This array has a high profit margin, and they see the development. Currently Studio VTC Online has produced the game. ”
Mr. Nations share more, with this investment Duxton will have 01 board members in the VTC online. Goals that they set the VTC Online will issue shares to the public within the next 3-5 years in VN or international markets.