Indochina Capital poured an additional 1.1 million USD into the Navigos Group on Vietnamworks’ fifth birthday last week.
Navigos, a US-invested human resources services provider in Viet Nam and the investor of local well-known job website www.vietnamworks.com has received a total invested capital of 3.1 million USD from Indochina.
The vigorous growth of Navigos as well as the success of the above website would be the most important and attractive factors luring Indochina Capital, said the investor fund’s managing director, Tung Kim.
Navigos plans to list on the local bourse by launching an initial public offering (IPO) by 2010 at the latest. Navigos’s shares have fetched at the price of 2.5 USD per one from 0.01 USD three years ago.
Around 900,000 people have accessed to Vietnamworks website for job vacancies for five years and the number is expected to increase by four times this year, according to Navigos Group.
Navigos Group is a brand owned and operated by Management Consulting Group Ltd, a British Virgin Islands Co.
Source: VNA
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