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First Vietnamese Company on London Stock Exchange (LSE)

Discussion in 'China & Far East' started by Viet, Apr 14, 2016.

  1. Viet

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    Saigon -- Shares in VinaCapital Vietnam Opportunity Fund Limited began trading on the main market of the London Stock Exchange on March 30. The stock closed at 180 pence Thursday, up 0.55% from the close on its listing debut.

    VOF is the only fund listed on the LSE's main market that focuses exclusively on Vietnam.

    Andy Ho, managing director of the fund and chief investment officer of VinaCapital Group, said it took six months for VOF to complete the listing process.

    "A listing on the main market marks the start of a new chapter of growth, and a better position to improve liquidity and reach a broader investor base for the fund," Ho said at a press briefing Thursday.

    Established in 2003, VOF manages an investment portfolio with a net asset value of about $700 million. It logged 5% growth in the first quarter of 2016. The fund has divested all capital from Cambodia and Laos and focuses solely on Vietnam.


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    High-profile names in the fund's portfolio include Vietnam Dairy Products, contractor Hoa Phat Group, property company Novaland and Airports Corp. of Vietnam. The portfolio is diversified, with real estate accounting for 24.3%, food and beverage 24.5%, hospitality projects 10%, and construction materials 8.7%.

    VOF aims to expand its investment in private equity and state-owned enterprises as well as in selective property projects, starting from $10 million for each project.

    (Nikkei)