Equity Capital Vedan International Holdings Limited
Vedan is a Vietnam-based vertically integrated natural food additives producer of MSG, lysine, modified starch and related products. Together with its parent company, Vedan Taiwan, the Group is the 2nd largest global producer of MSG. Vedan Taiwan is one of the largest branded food producers in Taiwan. Vedan was listed on the Hong Kong Exchange in 2003.
DBS Value-Add
Investment Thesis
Advised the Company on reorganization
Provided Equity Capital Market services
Active Board participation
Company has economies of scale and is a low cost producer
High barriers to entry due to its capital intensive nature, requirement of technical expertise, established brand and distribution network
Highly experienced operator - its parent Vedan Taiwan has been operating for 47 years
Listed on the Jakarta Stock Exchange, PT Wahana Ottomira Multiartha (or WOM Finance) is the third largest motorcycle financing company in Indonesia. The Company operates over 85 branches in Indonesia providing loans for motorcycle brands such as Honda, Yamaha and Suzuki.
DBS Value-Add
Investment Thesis
Invested together with Bank International Indonesia (“BII”) and IFC
BII value-added to the Company in the form of finance retail network expansion and product expertise
Strong growth potential from Indonesia's consumer market
Reputable and established brand and market positioning
Exhibited strong business fundamentals and had good internal control systems and corporate governance
