Rajah & Tann Singapore advised VinFast Auto Ltd. in respect of its business combination with Black Spade Acquisition Co., a special purpose acquisition company (SPAC) which valued VinFast Auto Ltd. at approximately US$23.0 billion, and the listing of VinFast Auto Ltd. on The Nasdaq Stock Exchange following completion of the business combination. This transaction represents the largest Vietnamese M&A transaction since records began in 1980, according to Refinitiv.
VinFast is Vietnam’s leading automotive manufacturer committed to its mission of creating a green future for everyone. VinFast manufactures and exports a portfolio of electric SUVs, e-scooters and e-buses across Vietnam, the United States, and, soon, Europe.
The deal is led by Partner Evelyn Wee, assisted by Hoon Chi Tern (Partner), Tricia Teo (Senior Associate) and Gavin Ng (Associate) from the Capital Markets / Mergers & Acquisitions Practice. Vikna Rajah (Partner) led the tax aspects of the transaction with Koh Chon Kiat (Senior Associate). Desmond Wee (Partner) and Jonathan Cham (Senior Associate) advised on the employment related matters.
