Vietnam's Truong Hai mulls stake sale in $5b automotive arm

Vietnam's Truong Hai mulls stake sale in $5b automotive arm

Ho Chi Minh City, Vietnam. Photo by Tron Le on Unsplash

Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba Duong, is considering bringing in an investor into its automobiles arm Thaco Auto in a deal that could value the unit at around $5 billion, two people familiar with the matter said.