8990 venturing in Vietnam
Is mass housing builder 8990 Holdings Inc. ready to venture in Vietnam? That is what the company will try to find out, after being challenged by TPG Capital, one of the world’s largest private equity firms, to look into the possibility of bringing its business into the growing Southeast Asian neighbor.
8990 Holdings president JJ Atencio said TPG was trying to hook up the company with a Vietnamese housing agency to explore investments in one of the fast-rising economies in the region.
Aside from possible venture in Vietnam, 8990 Holdings is busy preparing for next month’s non-deal roadshow in five cities across the United States that include Salt Lake City in Utah, which is reportedly teeming with private equity firms.
While this is a non-deal roadshow, Atencio hopes the company will be able to attract US investors. In the local front, 8990 Holdings is in the final stages of acquiring a 100-hectare property in Bacolod City for expansion projects.