[VIETLONG CAPITAL] VietLong Capital Signs a Letter of Intent with Korean Tech Company Brickmate (Kumho)


On the morning of October 21, 2023 21/10/2023 , at the headquarters of KLC Group in District 1, Viet Long Capital, (Viet Long Capital) a subsidiary of the KLC Group ecosystem, signed a Letter of Intent agreement with BrickMate Inc.

 

signed a memorandum of cooperation agreement with BrickMate Inc.
signed a Letter of Intent with BrickMate Inc.

The signing ceremony was attended by representatives from both companies, including Mr. Huy Vo, CEO of Viet Long Capital, Mr. Jon Oh, Group CEO of Brickmate, Mr. Junho Seo, CEO of Brickmate Vietnam, Ms. Min Soojung, Executive Director of Kumho, and Mr. Tran The Phong, CEO of IPG.

 

 

According to the agreement, VietLong Capital will conduct research to invest in new shares issued by Brickmate with a maximum total value of up to $5 million. This investment demonstrates VietLong Capital’s confidence in Brickmate’s development capabilities and reliability in the field of information technology.

 

Brickmate, a part of the Kumho Group, is currently one of the leading IT companies in South Korea, with a clear and extensive development direction in various fields. It is not only a leading software outsourcing (ITO) company but is also focusing on expanding its presence in artificial intelligence (AI), cloud computing, and online gaming. Brickmate is currently planning to go public in South Korea and the United States to bolster its financial resources and further develop the company.

 

Huy Vo, CEO of VietLong Capital, commented on the collaboration, stating, “We see significant potential for profitability and growth in the information technology industry as the economy is increasingly shifting towards digital and technology-driven growth. Exploring investment opportunities in BrickMate aligns with Viet Long Capital’s investment principle to support new companies with strong financial foundations and provide a favorable platform for implementing growth strategies and goals.”

 

 

Jon Oh, representing BrickMate, shared, “In South Korea, the acquisition of Freemoa, a leading web and mobile application design and development service provider, illustrates Brickmate’s strategy and intent. In the coming years, we are ready to become a major technology company in Vietnam, and receiving investment from VietLong Capital is critically important to the company in terms of supplementing financial resources for future plans.”

 

Leaders from both companies engaged in open and constructive discussions during the signing event.
Leaders from both companies engaged in open and constructive discussions during the signing event.

Viet Long Capital is a subsidiary company under the multi-sector ecosystem of KLC Group focusing on investment and asset management. With strong financial resources, a skilled team, and a vision for overseas investment, VietLong Capital is gradually solidifying its position and providing capital support to promising companies with strong profit potential. VietLong Capital is proud to be a reliable partner, ready to assist customers in financial management and investment, contributing to the creation of a stable, prosperous, and successful financial environment.

 

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