3 April 2012
Change in ownership of the investment manager
Ho Chi Minh City - VinaLand Limited ("VNL" or the "Company"), the AIM-quoted investment vehicle established to target strategic segments within Vietnam's emerging real estate market, announces that there has been change in ownership of VinaCapital Group Limited (“Group”), the parent company of VNL’s investment manager, VinaCapital Investment Management Ltd. (“Investment Manager”). A consortium of existing shareholders led by Don Lam, Chief Executive Officer, Jonathan Choi, Chairman of Sun Wah Group, and Katherine Yip, Chairwoman of KYG International, have acquired the shareholdings in the Group previously held by fellow cofounder, Horst Geicke and other parties.
The investment strategy and operations of the listed funds managed by the Investment Manager, including VNL, remain unchanged. The purchase consolidates the ownership of the Group and will enable senior managers to participate in the equity of the Group, but it will have no impact on day-to-day operations or strategic direction of the Group and VNL.
VinaCapital remains committed to its aim of sourcing and investing in sound opportunities in high-margin, high-growth areas in Vietnam, and intends to strengthen its market leading position in the region.
Don Lam, Chief Executive Officer of VinaCapital Group, commented: “Vietnam is at a turning point and so it seemed an opportune time to restructure ownership in order to broaden management participation in the ownership of the Group to more strongly align management’s interests with those of the funds. We appreciate the contribution Horst has made in the founding and its subsequent development of VinaCapital and wish him the very best for the future.”
Notes to Editors:
VinaCapital is the leading asset management and real estate development firm in Vietnam, with a diversified portfolio of USD1.6 billion in assets under management. VinaCapital was founded in 2003 and boasts a team of investment professionals who bring extensive international finance and investment experience to the firm. Our mission is to produce superior returns for investors by using our experience and knowledge to identify the key trends and opportunities that emerge as Vietnam continues to develop its economy. To achieve this, VinaCapital has teams with broad experience covering equity markets, fixed income, private equity, venture capital, real estate and infrastructure.
VinaCapital manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These funds are: VinaCapital Vietnam Opportunity Fund Limited (VOF), VinaLand Limited (VNL), and Vietnam Infrastructure Limited (VNI). VinaCapital also co-manages the DFJ VinaCapital L.P. technology venture capital fund with Draper Fisher Jurvetson.
VinaCapital has offices in Ho Chi Minh City, Hanoi, Danang, Nha Trang, Phnom Penh (Cambodia) and Singapore. More information about VinaCapital is available at www.vinacapital.com.
VinaCapital Investment Management Limited
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