Trusting Social has recently completed the first round of Series C funding with an investment of US$65 million from The Sherpa Company Limited (“Sherpa”), a subsidiary of Masan Group Corporation.
At the General Meeting of Shareholders on April 28, Masan Group Corporation announced the completion of an investment agreement worth USD 65 million to purchase a 25% stake in Trusting Social Joint Stock Company, a subsidiary in Vietnam of Trust IQ Pte, Ltd. with a headquarter in Singapore (“Trusting Social”).
The investment in Trusting Social allows Masan to accelerate its transformation into a consumer ecosystem-integrated technology from offline to online (“O2”). Thereby, delivering Al and fintech application solutions in retail and consumption, resulting in a superior customer experience.
LMP Lawyers is proud to have served as the consultant to Trusting Social in this deal.
Previously, LMP Lawyers supported the establishment of Trusting Social, then advised on all legal aspects during the business operation including capital investment, transfer of profits abroad, licensing, contracts, tax incentives, intellectual property, labor issues, compliance, and so on.
With expertise extensive in Mergers and Acquisitions (M&A), Investment, Corporate, International Trade, Real Estate, Fintech, Labor, Intellectual Property and Dispute Resolution, LMP Lawyers has provided high quality and effective legal services with competitive fees to various enterprises..