Vinasamex offers 15% shares for 135 billion VND, aiming for IPO 2026 with a valuation of 620 million USD

“The first time we participated in the international fair, EU customers did not believe that Vietnam has cinnamon. I used to have no faith when many Vietnamese agricultural product brands had to borrow Thai registration codes to be displayed internationally.“, Nguyen Thi Huyen – CEO Vinasamex confided in his presentation to investors.

$15 billion market and farmer’s meal

Among spices, cinnamon has skyrocketed in price over the past decade or so.

According to female CEO Vinasamex, the organic spice market is estimated to grow at a CAGR of 4.6%, reaching $15.4 billion in 2032.

“The effective cycle of a cinnamon crop is 10 years. Behind the billion-dollar story is actually fate, a poor farmer’s meal, ready to change at risk – when there is no commitment to the future.”

“They struggled: Planting a new crop, waiting for another 10 years, or planting short-term crops, coffee, trees?“, Huyen shared.

The farmer constantly “gambling” on the hill of his ancestors, Huyen acknowledged.

10 years ago, Huyen and her husband Nguyen Que Anh decided to go their separate ways – to convince the highlanders in Tran Yen, Yen Bai to develop organic growing areas, facing the wave of hands and closing doors. .. Once, the couple traveled 30km and had to return to find another way.

“It’s an unprecedented and challenging job, but it’s the path we believe is inevitable for the cinnamon industry and the spice industry in general.”Que Anh – also Chairman of the Board of Directors of Vinasamex – expressed.

“Chairman is just a title, but my main occupation is a plant breeder, an anise processing worker, an international trade promoter, a construction contractor, a mechanic. gas, and there are about twenty more jobs like that. Over the past two decades, I have learned so many jobs, with only one goal: To bring Vietnamese cinnamon to the world.”

Calling for 135 billion VND in exchange for 15% shares, valuing the company 900 billion VND

Presentation to investors, Vinasamex announced to offer 15% shares of the company for 135 billion dong, equivalent to business valuation at 900 billion dong. Each investment rate is at least 1.5 billion VND. The mobilized capital is to expand factories in Lao Cai and Lang Son to intensively produce products from cinnamon and anise with machine technology.

Vinasamex said this is the first and only private fundraising event, kicking off the IPO roadmap in 2026, with an expected valuation of $620 million. The following three rounds of funding will be for domestic and international investment funds.

Sharing the reason for the IPO, Huyen said that she aims to become the first company in the field of organic agricultural products and spices in Vietnam to have transparency, as well as become a listed company to be able to call call for capital. Ms. Huyen also expressed her desire to make Vinasamex the first brand in the field of organic spices and flavorings in Vietnam listed on the stock exchange, inspiring other businesses to change their thinking and business goals. business.

“After listing on the stock exchange in Vietnam, we will list on the international stock exchange to affirm the position and brand of Vietnam, especially in the field of agricultural products.“, Huyen added.

Sharing about the business situation, Ms. Huyen said: While many businesses are struggling because of the Covid pandemic, Vinasamex’s revenue will still increase by nearly 60% in 2021.

Vinasamex’s revenue and profit for the past 4 years.

Currently, Vinasamex’s raw material area has a scale of 4,367 hectares with organic cinnamon, anise and turmeric materials, linked to 2,115 households in Yen Bai, Lang Son, Lao Cai and Bac Can provinces. Vinasamex has also just signed a MOU with Cam Lo district (Quang Tri) to develop 20,000 hectares of cinnamon, creating stable jobs for about 400-500 local workers.

The company has a cinnamon and anise processing factory in Yen Bai with a scale of more than 15,000 m2, productivity of 2,000 – 3,000 tons of organic cinnamon/year. Three factories are planned to expand in Lao Cai (2 factories) and Lang Son with scale of 30,000 m2, 100,000 m2 and 16,000 m2, respectively, processing cinnamon, dried anise and essential oil products.

“This year Vinasamex will open 2 more branches and offices in the Netherlands (the world’s spice center) and in the US (the world’s largest consumer market) in order to find more new customers and increase output. even bigger in these markets“, Chairman of Vinasamex said.

https://cafebiz.vn/mot-cong-ty-que-hoi-viet-nam-chao-ban-15-co-phan-gia-135-ty-dong-nham-moc-ipo-2026-voi- Dinh-gia-620-trieu-usd-20220408165349833.chn

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