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DealStreetAsia

Singapore's 99 Group considers buying Vietnam property tech startup

Could target real estate technology company Propzy

Singapore-based 99 Group is understood to be looking at acquisitions that could include Vietnamese property technology startup Propzy. (Source image from Propzy website)

HANOI -- Fresh off a funding round led by Gaw Capital, Singapore-based property portal 99 Group is understood to be looking at acquisitions in Southeast Asia, which could include Vietnamese property technology startup Propzy, multiple sources aware of the matter told DealStreetAsia.

Propzy's operations are broadly in line with the general strategy of 99 Group, the sources said. But any acquisition would require a detailed process and due diligence, one of the sources added.

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