Baker McKenzie has advised UOB Venture Management (“UOBVM”), a wholly owned subsidiary of United Overseas Bank Limited, on the acquisition of a 12% stake in Bien Hoa Consumer Joint Stock Company (“BHC”).
With this transaction, UOBVM becomes a substantial shareholder of BHC and partners with BHC to deploy supply chain finance solutions across the entire agricultural value chain. This collaboration aims to optimize financial resources and drive long-term, sustainable growth across BHC’s operations, from production to distribution. The investment enables BHC to invest in a state-of-the-art food and beverage manufacturing facility and expand its portfolio, particularly in the segment of naturally sourced nutritional products.
BHC operates a robust multichannel distribution network, with nearly 2,000 business clients and more than 100,000 points of sale and e-commerce platforms. The company has a diverse product portfolio, including sugar, organic offerings, nutritious beverages, cooking spices, and specialized products for homemakers and children. BHC is a subsidiary of Thanh Thanh Cong – Bien Hoa Joint Stock Company (“TTC AgriS”), a leading hi-tech multinational agriculture enterprise in Vietnam.
The Baker McKenzie team was led by Partner Seck Yee Chung, who was supported by Special Counsel Le Thi Thanh and Associates Tran Quy An and Nguyen Trung Nguyen.
Commenting on the deal, Yee Chung said: “We couldn’t be more pleased to have assisted UOB Venture Management on this strategic transaction in Vietnam, and are excited to see the outcome of this strong partnership for our client. This transaction also showcases continued foreign investment interest in Vietnam. We look forward to supporting UOB Venture Management as they continue to further grow their investments portfolio in Vietnam and across Southeast Asia.”
