Peter Ryder, director of Indochina Capital said although the value of the deal was not released, it was the first investment in Vietnam for the newly-established US$500 million Capital Vietnam Holdings, listed with the ticker symbol ICV on the London Stock Exchange.
Under contract, Capital Vietnam Holdings will assist the cable firm in developing a business strategy and offering consulting services for its listing on the local stock exchange set for year’s end.
The securities company will provide the cable firm with consultings on business re-organization, initial public offering (IPO), and services on shareholders management.
The VND225 billion company was established in 2003 by the Vietnam Post and Telecommunication Corp, mainly producing telecom cables and optic cables.
Indochina Capital Vietnam Holdings, which is structured as a closed-end investment company, isn’t just investing in equities listed on the Ho Chi Minh stock exchange and over-the-counter stocks.
It will also look at private equity and potentially some derivatives and debt securities. And it can also invest in non-Vietnamese companies which have a material portion of their business or assets in Vietnam.
Indochina Capital is amongst Vietnam’s most established investment firms and an innovative leaders in growing financial markets
It manages Vietnam-focused funds with two distinct strategies in real estate and the capital markets including Indochina Capital Vietnam Holdings; Indochina Land Holdings; Indochina Land Holdings 2;
Indochina Capital has invested in real estate in Vietnam for the past 15 years, having developed or financed projects worth more than $1 billion including offices, apartments and hotels.
Source: Thanh Nien
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