All Line Inc., a telecommunications and information technology company, is acquiring a 20% stake in Vietnam Home Shopping Network Corp. for $1 million in cash and 15 million in company shares.
The transaction is scheduled to close by Feb. 9.
All Line said it has an option to acquire another 31% of VHSN in the future.
“VHSN will initially focus on the 1.5 million households of Vietnam who are elite consumers in a retail market that is globally ranked as number three,
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