Shinhan Card Co., Ltd. entered into an agreement to acquire Prudential Vietnam Finance Company Limited from Prudential plc (LSE:PRU) for approximately KRW 160 billion on January 23, 2018. Board of Directors of Shinhan Financial Group Co., Ltd. (KOSE:A055550) made a resolution in favor of the transaction on January 23, 2018. The transaction is subject to regulatory approvals. The approval will automatically expire if the transaction is not completed within three months from the date of decision. The scheduled acquisition date is December 1, 2018. As of April 30, 2018, the transaction is expected to be completed in second half of 2018. On January 17, 2019, the acquisition was approved by State Bank of Vietnam. Goldman Sachs (Asia) LLC acted as sole financial advisor to Prudential. Edward Freeman of Freshfields Bruckhaus Deringer LLP, Hong Kong acted as legal advisor to Prudential Vietnam Finance Company Limited. Gregory Bournet, Joanne Yap and Yam Sai Ho of PwC Malaysia and Johnathan Ooi, Mun You Leong and Pham Ha My of PwC Vietnam acted as financial advisors for Shinhan Card. Zunu Lee Young Woo Park and Jae Ryun Cho and Irene Y. Kim of Yoon Yang Kim Shin & Yu acted as legal advisors to Shinhan Financial Group Co., Ltd. Shinhan Card Co., Ltd. completed the acquisition of Prudential Vietnam Finance Company Limited from Prudential plc (LSE:PRU) for approximately KRW 170 billion on January 22, 2019. Post completion, Shinhan Financial change ithe name of Prudential Vietnam Finance Company Limited to Shinhan Vietnam Finance Co., Ltd.