Yorkville Advisors is a US-based investment management firm with over 20 years of experience investing in listed companies. Yorkville’s investment criteria focuses on the management team, fundamental factors of the business, and stock market indicators.
According to the agreement, VinFast will have the right to request Yorkville to purchase up to 1 billion USD of common shares VFS at any time within a 36-month period.
Previously, at the end of April 2023, Mr. Pham Nhat Vuong announced a contribution of up to 24,000 billion VND (equivalent to 1 billion USD) to VinFast from personal assets. Along with Mr. Vuong, Vingroup Corporation, founded by him, also announced a non-repayable sponsorship of up to 12,000 billion VND (equivalent to 500 million USD) and a loan of up to 24,000 billion VND (equivalent to 1 billion USD) to increase resources for VinFast’s global growth goals.
Anh Quan (forum.autodaily.vn)