In the next 6 months, SB Capital Management Inc. will be investing 1.5 billion USD in Newlife Investment Group starting March 2020 with the aim of expanding their reach in the Vietnamese market.
As the aviation industry is expected to expand rapidly over the next two decades, the biggest shortage will be felt in Asia due to its large number of travelers. SB Management Inc sees this as an opportune time to enter the airline industry and seize this opportunity. For this, Newlife Investment Group will be acquiring an airliner to cater to the needs of the Asian market and take advantage of the upward trend of this industry.
Another parallel plan is to start rapid real estate development in America, Europe and Asia. Robust economic growth and an influx of capital have powered the Asia Pacific real estate market over the past decade and is expected to rise in the coming years. Newlife Investment Group will have all right to invest in businesses including real estate, technology, online gaming and airline companies.
Rise in Real Estate Investment
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Regarding the stocks, currently, SB Capital Management’s private stocks are values at $56.88 per share and Newlife Investment Group will have the sole rights to the distribution of SB Capital Management’s shares to the investors.
The current CEO of Newlife Investment Group and also the chairman of GoldGame, Vietnam, Mr. Nguyen Van Anh will be the new CEO of the surviving company that is, he will be the new CEO of SB Management Inc. He commented, “A merger was formed with SB Capital Management Inc. to help Newlife Investment Group broaden its or strengthen its investors in global market”. He also said, “Our team will allow SB Capital Management Inc. greater access to Vietnam Market.”
Financial Planning Information
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