Hongkong group invests heavily in THACO: holds over 1 billion USD in REE and Vinamilk shares; previously invested in two railway lines in China over 100 years ago

THACO’s Chairman, Tran Ba Duong, announced a plan to sell shares to raise funds for a high-speed rail project, reducing ownership to 51%. Jardine Cycle & Carriage Limited (JC&C) has signed an agreement to purchase THACO shares, owning 26.6%, and committed to major investment in the project. JC&C, a subsidiary of Jardine Matheson, is also a major shareholder in REE and Vinamilk, with a total share value exceeding 27 trillion VND. Jardine Matheson, established in 1832, has a long history of investing in China’s first railways and now invests in various sectors in Vietnam including real estate and food services.