22 March 2006
The London
Stock Exchange is delighted to welcome VinaLand to
AIM.
VinaLand (ticker VNL) is the first publicly traded fund
dedicated to property development and investment in
Vietnam. Managed by VinaCapital,
VinaLand focuses on exploiting the real estate opportunities arising from
Vietnam’s robust economic growth, urbanization,
and government reforms. VinaLand will invest in a diverse range of
property sectors, including office, retail, residential, industrial, and
leisure.
VinaCapital has built its track record in property portfolio
management through its first fund, the Vietnam Opportunity Fund (VOF), a
US$171 million closed-end fund also traded on AIM. In 2005 VOF achieved a
34% increase in Net Asset Value per share and 35% increase in share price.
VinaCapital's overarching objective is to create and realize value for its
investors and clients.
Horst Geicke, Chairman of VinaLand, commented, "We are
pleased to have joined AIM as Vietnam’s first
publicly traded property fund. With the country making great strides in
terms of growth and legal reform, we believe that now is the time to
capture the real estate opportunities afforded by such progress. We look
forward to realising value for our shareholders."
Grant Thornton Corporate Finance is the Company’s Nominated
Advisor and LCF Edmond de Rothschild is the Company’s
Broker.
