SHS Successfully Advises on the Transfer of 51% Stake in Viet Ha Business and Investment JSC

Transaction Summary

Transaction Value

~ VND 853 billion (~USD 33 million)

Stake Transferred

51.04% of total issued shares

Completion Date

May 18, 2026 — Hanoi Stock Exchange (HNX)

The Investment Banking team of Saigon – Hanoi Securities Joint Stock Company (SHS) is proud to have acted as exclusive advisor in the successful divestment of a 51% stake held by the People’s Committee of Hanoi in Viet Ha Business and Investment Joint Stock Company (“Viet Ha”), with a total transaction value of VND 853 billion (~USD 33 million).

About Viet Ha Business and Investment JSC

Viet Ha Business and Investment Joint Stock Company was converted from Viet Ha Investment One Member Company Limited, originally established in 1966, pursuant to Decision No. 3907/QD-UBND dated June 27, 2017, issued by the People’s Committee of Hanoi. The Company has operated under the joint stock company model since July 1, 2017.

Viet Ha currently operates under Enterprise Registration Certificate No. 0100103721, first issued by the Hanoi Department of Planning and Investment on November 17, 2010 and amended for the ninth time on July 12, 2022, with charter capital of VND 769 billion.

From its origins as a small factory primarily producing essential goods for Hanoi residents, Viet Ha has grown into a diversified investment company with operations spanning manufacturing, commercial services, financial investment, and real estate. A number of well-known products under the Company’s and its subsidiaries’ and associates’ brands have gained strong recognition among consumers, including Viet Ha Beer, Trang An Confectionery, Hanoi Confectionery, and Ngoc Ha Shoes.

Transaction Background

The divestment of the People’s Committee of Hanoi’s stake in Viet Ha was carried out as part of the restructuring and reorganization plan for state-owned enterprises and enterprises with state capital under the People’s Committee of Hanoi for the 2022–2025 period, pursuant to Plan No. 166/KH-UBND dated June 6, 2023.

The transaction also formed part of the plan for state capital divestment at enterprises under the People’s Committee of Hanoi through the end of 2025, pursuant to Document No. 4280/UBND-KTTH dated December 19, 2024.

SHS’s Role

SHS’s Investment Banking advisory team acted as the exclusive advisor for the divestment transaction.

Through the successful auction of 39,250,200 shares, representing 51.04% of the total issued shares based on contributed charter capital, the transaction generated proceeds of nearly VND 853 billion for the People’s Committee of Hanoi.

The successful auction was conducted at the Hanoi Stock Exchange (HNX) on May 18, 2026.

SHS Advisory Team

Dao Thi Thu Huong, MSc, ACCA
Deputy Director, Investment Banking Division

Pham Duc Dung, CFA, FRM, ASA, MBA
Director, M&A & Restructuring Center

Phan Thi Huong, MSc
Deputy Director, Equity Capital Markets Advisory Center

Tran Huy Hoang, MSc
Deputy Director, M&A & Restructuring Center

Do Tuan Thinh, BSc
Analyst, Equity Capital Markets Advisory Center

Tran Ngoc Toan, MBA
Analyst, M&A & Restructuring Center

A Landmark Capital Divestment Transaction

SHS’s Investment Banking Division has also advised on a number of other notable capital divestment transactions.