VINFAST ENTERS INTO STANDBY EQUITY SUBSCRIPTION AGREEMENT OF UP TO $1.0 BILLION WITH YORKVILLE ADVISORS

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VinFast (VFS) announces billion dollar share deal with Yorkville

October 20, 2023 9:35 AM EDT

Vietnamese electric vehicle manufacturer VinFast (NASDAQ: VFS) announced on Friday that it has initiated a share subscription agreement of potentially $1 billion with the U.S.-based fund Yorkville Advisors, aiming to secure financial backing for its international market growth.

According to VinFast's submission to the U.S. securities... More