The US$2-billion IPO would make it the largest-ever listing by a Vietnamese company in the US. Vingroup, Vietnam’s conglomerate, is considering a US initial public offering (IPO) of its automaker VinFast that could raise US$2 billion, according to Bloomberg. VinFast factory in the northern port city of Hai Phong. Photo: FPT The Vietnamese automaker is working with advisers on the potential offering that could take place as soon as the second quarter and raise up to US$3 billion. A spokesman from Vingroup refused to confirm the information. The company is seeking a valuation of at least US$50 billion after a listing, Bloomberg wrote. The US$2-billion IPO would make it the largest-ever market capitalization by a Vietnamese company in the US. In 2018, Vinhomes, a subsidiary of the Vingroup, also launched an equity issue of US$1.4 billion. Entering the auto industry three years ago, VinFast auto facility is manufacturing and assembling electric … [Read more...] about Vingroup may raise US$2 billion from VinFast’s IPO in US
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The Okeechobee Clean Energy Center was designed to use the fossil fuel natural gas when it opened two years ago among the lakes of central Florida. Now the power plant’s owner, NextEra Energy, is preparing it to handle a second fuel: hydrogen. Hydrogen burns like natural gas without the carbon dioxide emissions and can be produced by separating water molecules using electricity. This excites engineers pursuing a solution to the variability of solar and wind power as it spreads across electric grids. They say surplus renewable electricity produced during hours of slack demand can power electrolysis machines to make hydrogen, eventually providing a store of carbon-free energy for dispatch when demand is strongest. The $65m Okeechobee pilot project will “utilise solar energy that would have otherwise been clipped” to create hydrogen to replace some natural gas, Rebecca Kujawa, chief financial officer at NextEra — which last year briefly overtook ExxonMobil as the most valuable US … [Read more...] about Hydrogen: the future of electricity storage?
Built for unparalleled visibility and control of the network user experience, Juniper Mist cloud service is a modern microservices cloud environment that prioritizes user experiences by providing insight into user behaviour, minimizing ICT operational costs with automation and proactive actions for the wireless network administrator. Tony Pace, specialist technician, eduSTAR.TSS, Information Management and Technology Division, Alamanda College, did his research, and liked what he found out about Juniper’s Wireless Access Points driven by Mist AI. Pace wanted to set up a proof of concept to validate his expectations. After a 15-minute conversation with Juniper, Pace had the network up and running. Juniper Networks recently also provided services to Philadelphia on a citywide scale to support municipal operations and constituent services. Staff in police, firefighting, public health, tax and other departments access critical data and applications over a Juniper network. CityNet … [Read more...] about Powering connections through experience-first networking
The world’s largest contract manufacturer made a buyout bid to the subsidiary of Vietnam’s largest conglomerate, Vingroup, Reuters quoted two sources as saying. But VinFast prefers a partnership since it is keen to brand itself as an eco-friendly automaker and wants to retain its electric vehicle business, one of the sources said. In January, VinFast introduced three self-driving cars that are expected to hit the market later this year. It tested autonomous vehicles in California in the U.S., one of the first foreign markets the company is eyeing. Earlier this month it signed a memorandum of understanding with Taiwan’s ProLogium Technology Co. Ltd. for the production of batteries for electric cars. VinFast plans to set up over 2,000 charging stations across the country this year to expand its electric vehicle ecosystem. Vietnam’s first indigenous car manufacturer sold around 30,000 gasoline vehicles last year and expects sales of more than 45,000 this year. … [Read more...] about VinFast, Foxconn discuss partnership for electric car production
It has been bought for screening in the Middle East, Taiwan, Thailand, Cambodia, Laos, Singapore, and Malaysia. Giant agency Endeavor Content has been in touch with the film’s producers to buy the rights for showing in Indonesia, the Philippines, Myanmar, Australia, and New Zealand. Nelson Mok, its Singapore-based director of financing and sales, said: "While international audiences are relatively unfamiliar with Vietnamese cinema, our buyers are impressed with Kiet’s style of visual storytelling and high production quality." A still cut from "Bong De." Photo courtesy of the movie. "We feel highly encouraged by the market response to the film so far, which was sold just based on the director’s sizzle reel and later a promo reel." "Bong De" is about a father and two daughters living in a centuries-old ancestral house after suffering from a family tragedy. Later many family secrets start to emerge and change their lives. It is set to release in Vietnam on May 14. … [Read more...] about Vietnamese horror movie to be shown across Asia