17 March 2010
Appointment of Board Chairman
HO CHI MINH CITY - The Board of Directors ("the Board") of VinaCapital's VinaLand Limited ("the Company"), an investment company established to target key growth segments within Vietnam's emerging real estate market, is pleased to announce a change to the composition of the Board effective from 12 March 2010.
The following change in composition of the Board was made following the Board meeting on 12 March 2010:
Mr. Brooke has been a non-executive Director of the Company since its establishment in March 2006. His appointment to Chairman follows a commitment by the Company's investment manager to ensure all funds under management have a majority of independent board directors, and an independent chairman.
Mr. Brooke is Chairman of Professional Property Services Limited, a Hong Kong-based real estate consultancy that provides a select range of advisory services across the Asia-Pacific Region. He has over 40 years' experience in real estate development, with particular expertise in land administration and planning.
Commenting, Horst F. Geicke, Director of the Company and Chairman of the Company's investment manager, said: "Nicholas has been a valued member of the Board from day one of the Company's establishment. His vast knowledge and experience have been a great service to the Company. We feel certain that as Chairman, Nicholas will continue to help our Company grow to become one of the top real estate investment vehicles in Asia."
Notes for editors:
About VinaLand Limited
VinaLand Limited (VNL.L) is a closed end fund trading on the London Stock Exchange (AIM). Launched in 2006, VNL is the largest listed fund for investment in Vietnam's emerging real estate sector. The fund focuses on the key growth sectors including residential, office, retail, hospitality and leisure, and high tech/industrial properties. The manager's objective is to provide shareholders with an attractive level of income as well as creating a potential for capital growth. More information can be found at www.vinacapital.com/vnl.
About VinaCapital Group
VinaCapital Group is the leading asset management and financial services group in Vietnam. The Group combines its deep market experience and networks to generate strategic investment and financing products, alongside merger and acquisition activities. VinaCapital manages total assets valued at over USD1.7 billion at December 2009. VinaCapital also has a dominant stake in VinaSecurities JSC, a brokerage firm. VinaCapital currently employs over 200 investment personnel in its offices in Ho Chi Minh City, Hanoi, Danang, Nha Trang and Hong Kong. More information on the Group can be found at www.vinacapital.com.
About Mr. Nicholas Brooke
Mr. Brooke is the Chairman of Professional Property Services Limited, a Hong Kong-based real estate consultancy that provides a select range of advisory services across the Asia Pacific Region. Mr. Brooke is a former President of the Royal Institution of Chartered Surveyors and was the first overseas surveyor to be accorded that honour. Mr. Brooke is a recognised authority on land administration and planning matters and has provided advice in these areas to several Asian governments as well as the US State Department. He is also a Justice of the Peace, and a former Deputy Chairman of the Hong Kong Town Planning Board and a former member of the Hong Kong Housing Authority. Mr. Brooke also sits as a Non-executive Director on the Boards of a number of public companies including Shanghai Forte Land Company Limited, one of China's largest residential developers and Majid Al Futtaim Investments, one of Middle East's leading shopping centre developers. Mr. Brooke has a degree in Estate Management and a Post Graduate Diploma in Business Administration from the University of London.
Ms Chi Nguyen
VinaCapital Investment Management Limited
+84 8 821 9930
Hiroshi Funaki +44 20 7845 5960
LCF Edmond de Rothschild Securities, Broker
Financial Dynamics, Public Relations (Hong Kong)
+852 3716 9802
Financial Dynamics, Public Relations (London)
Grant Thornton, Nominated Adviser
+44 20 7383 5100