Mekong Capital will pump 4.5 million USD into national retail chain Mobile Phone World, announced Mekong Capital General Director Chris Freund, on May 25.
“We are pleased to utilise our Mekong Enterprise Fund II to invest in Mobile Phone World. This is one of the most impressive companies that we have had contact with in Viet Nam, based on the strategic vision of their management staff and their capacity to implement its plan,” said General Director Chris Freund.
The 50 million USD Mekong Enterprise Fund II was established to scout out unlisted companies and well run private companies that retain a high potential for growth.
Director of Mobile Phone World Nguyen Duc Tai said the company has been able to create a supermarket system after two years of operations that has seen the firm record the highest cell phone unit sales in the country.
Source: VNA
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