New member from Vietnam
Hi my name is Luan from Vietnam. I'm an investment associate managing $100 million at a leading investment bank in Vietnam. Recently there's a deal to buy 22% shares of a company that owns several premium real estate locations in Ho Chi Minh City at a total price of $14 million:
1. Head office: area size 147 square meters, construction floor 707 square meters
2. Commercial tower: area size 798 square meters, construction floor 5,815 square meters
3. Office tower: area size 511 square meters, construction floor 3,618 square meters
and several other warehouses with total areas (including those above) of 19,909 square meters and construction floor of 20,471 square meters.
Since number 2 alone is worth at least $22 million, because it's a prime location and is currently rented by a worldclass luxury goods brand, I think this deal is so cheap.
The auction started at a price that valued the whole business at $14 million, so I thought it was very attractive. Do you think so?