SUCCESSFUL DEAL ADVISORY: Altas Corporation Successfully Advises E&D Group on Acquisition of 95% Stake in Vietnam Garment Company

Altas Corporation is proud to announce its successful advisory role to E&D Group in acquiring a 95% stake in a leading Vietnam-based garment company. The deal is valued at over VND 300 billion (over $12M), marking a major strategic investment in the region’s textile sector.

E&D Group is a vertically integrated textile and apparel powerhouse specializing in brand research & development, design, manufacturing, and distribution. Recognized for excellence, the Group has consistently been ranked among the “Top 100 Garment Enterprises in China” for three consecutive years. It has also earned accolades in the “Top 500 China IT-Enabled Enterprises” and the “Top 500 Product Quality Credit Enterprises.” With over CNY 2.5 billion in annual revenue, US$300 million in exports, and CNY 125 million in tax contributions, E&D Group brings formidable expertise to the region.

This strategic acquisition marks a pivotal expansion of E&D Group’s manufacturing footprint in Vietnam and is expected to generate substantial benefits, including:

• Technology transfer

• Supply chain and governance enhancements

• Local employment creation

The transaction will significantly strengthen Vietnam’s position in the global textile supply chain and bolster its garment export capabilities.

Altas Corporation, renowned for its expertise in foreign investment, cross-border M&A, legal advisory and financial and tax advisory services, acted as the financial due diligence advisor to E&D Group throughout the transaction. Our scope included both financial and tax due diligence. The engagement was led by Partner & Managing Director, Ms. Nguyen Nhac Thien An (CPA Vietnam), supported by our dedicated team of seasoned professionals.

For investment or financial advisory support in Vietnam, please contact us at an.nguyen@altas.vn or call +84 28 6270 9600.