Bien Hoa Consumer Joint Stock Company (BHC), a key part of TTC AgriS, has announced that it has completed a strategic fundraising round with funds managed by UOB Venture Management Pte Ltd (UOBVM).
The two companies announced last Wednesday that, according to the agreement, UOBVM-managed funds will own about 12% of the company, making them a major shareholder.
This investment is an important milestone in BHC’s growth plan as the company speeds up its efforts toward its planned initial public offering (IPO) and increases the distribution of eco-friendly products both in local and international markets.
The investment from UOBVM-managed funds shows strong confidence in BHC’s future growth. It also highlights the value of AgriS’s business model, which covers everything from growing raw materials to production, export, trade, and consumption.
With the new investment from UOBVM-managed funds, BHC plans to build a modern food and beverage manufacturing facility. This will help increase production, meet international standards, and grow its product range, mainly naturally sourced nutritional products.
As an important part of AgriS, BHC now acts as the Commercial Center of the ecosystem, following the group’s shift to a circular business model.
“This is not just about raising capital – we are building a long-term plan to bring Vietnamese agricultural products and food into the global market.”
“The partnership with UOBVM is a clear testament to our commitment to an integrated strategy that unites finance, technology, commerce, and agriculture – a vision that AgriS remains steadfast in pursuing,” said Dang Huynh Uc My, Chairlady of AgriS.
BHC has a strong distribution network that reaches many channels (B2B2C2E). It works with nearly 2,000 business clients and has over 100,000 sales points, including online platforms.
BHC’s products are available in 69 countries and serve global brands like Coca-Cola, Pepsi, Nestlé, Masan, Vinamilk, and more.
The company offers various products, including organic items, healthy drinks, cooking spices, and special products for families and children. Some of their well-known brands are Bien Hoa sugar, Cocoxim coconut water, and Xim–Mom Cooks coconut cream.
BHC has shown impressive growth, with a 4-year revenue growth rate of 13.6% per year and a nearly 25% growth in gross profit.
With a focus on natural products that match global consumption trends, BHC is expected to become a leading company in Vietnam’s food and beverage industry and plans for a successful IPO soon.
The Executive Board says that AgriS will keep growing its new business model, expand its global sourcing areas, and introduce new lines of nutritional products.
The company focuses on using technology in its production and supply chain to improve efficiency and improve its products.
AgriS will expand its collaboration opportunities, allowing strategic partners to join its ecosystem. It will also attract more investment from both local and international investors to support its long-term global growth plans.
UOB Venture Management’s chief executive officer Seah Kian Wee that BHC’s capabilities in developing clean, green, and natural product lines align with fast-emerging consumer trends across the ASEAN region, with over 600 million people.
“Their model aligns perfectly with UOB’s philosophy of long-term investment and sustainable development. We look forward to working alongside AgriS not only as a capital partner but also by supporting the implementation of supply chain finance solutions, expanding distribution networks, and preparing for strategic milestones such as a future IPO,” he added.
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