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Sao Mai Group acquires Taiwanese business

By Ngoc Diem   March 8, 2022 | 02:00 am PT
Sao Mai Group (ASM) has acquired a Taiwanese company, the second it took over in the Central Highlands in the past two years.

The company recently took over Taiwan-owned enterprise Junchow Tea Processing Company Limited, which has a land bank of about 60 hectares in Dak Nong Province. It bought Vinh An Manufacturing & Trading Company Limited in Cu Jut District in 2020.

The acquisition of two companies in the Central Highlands in two consecutive years earmarked Sao Mai’s expansion in the region.

Sao Mai has also joined in M&A deals with An Giang Tourism Joint Stock Company, Dong Thap Tourism Joint Stock Company, Nhut Hong Joint Stock Company (Ca Mau) and Euro Plast Company (Long An).

Le Thanh Thuan, Sao Mai's CEO, emphasized that the M&A deals were part of a comprehensive restructuring plan, providing employment to workers, and contributing to socio-economic development.

Le Thanh Thuan, Sao Mais CEO. Photo by Sao Mai Group

Le Thanh Thuan, Sao Mai's CEO. Photo by Sao Mai Group

Following these M&A deals, Sao Mai has restarted and developed several landmarks in An Giang District such as Tra Master Tram Forest Resort, Thuc Trap Hill Tourist Area, An Hao EcoTourism Area, Dong Xuyen – Long Xuyen – Cuu Long Hotel Cluster and Sao Mai Star Solar Power Plant.

The perspective of Nhut Hong new urban area. Photo by Sao Mai Group

The perspective of Nhut Hong new urban area. Photo by Sao Mai Group

Sao Mai Group operates in the field of real estate, solar power, seafood export, production and sale of construction materials.

The company is involved in several typical projects such as Sao Mai – Binh Chanh high-end urban area, Sao Mai - Lap Vo urban area and other real estate projects in Tien Giang, Ben Tre, Can Tho, Thanh Hoa, Dong Thap, Hoa Binh and HCMC.

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