VinFast Auto Ltd. (VFS) Form 6-K — Sep 15, 2026
VinFast Vietnam JSC, a subsidiary of VinFast Auto Ltd. (NASDAQ: VFS), signed share purchase agreements on September 15, 2026 to acquire 100% of the equity of Ngoc Hoi Real Estate Investment Joint Stock Company from founder Pham Nhat Vuong and two minority shareholders for aggregate consideration of VND30,857 billion, approximately US$1.2 billion, a stated discount to independently determined fair value. Ngoc Hoi holds a 20% economic interest in the investor consortium developing the Hanoi International Sports Urban Area Project, where affiliate Vinhomes is lead investor.
Key figures
- Deal Value Usd
- approximately US$1.2 billion (VND30,857 billion)
- Fx rate
- VND25,206 = US$1.00
- Payment terms
- half of consideration payable to Mr. Pham and all consideration to minority shareholders at closing; remainder within 120 days
- Expected close
- third quarter of 2026
- Aggregate consideration vnd
- VND30,857 billion
- Founder capital contribution
- up to VND10,000 billion (approximately US$396.7 million)
- Ngoc hoi consortium interest
- 20% economic interest in the Hanoi International Sports Urban Area Project consortium
AI analysis
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