VILAF has advised Nguyen Kim in the sale of 49% equity stake in NTK New Solution and Technology Development Investment Joint Stock Co, which owns Nguyen Kim with a chain of 23 eletronic stores, to Power Buy Company Limited, a retail subsidiary of Thai retail conglomerate Central Group. Founded in 1992, Nguyen Kim is currently the largest electronic retail operator in Vietnam.
Central Group is already present in Vietnam through the SuperSports, Crocs and New Balance stores, which operate under Central Group units or under franchise agreements with Vietnamese partners, according to The Saigon Times Online.
With these stores enjoying success in the market of 90 million people, Central Group has opened two Robins fashion department stores in the Southeast Asian country.
The VILAF team is led by Senior Partner Tran Tuan Phong, and assisted by Senior Associate Phan Thien Huong and Associate Nguyen Kim Ngan.