Indochina Capital Vietnam Holdings Becomes a strategic investor in international transportation and trading joint stock company, a leading private Vietnamese shipping company
Ho Chi Minh City, Vietnam - Indochina Capital Vietnam Holdings Limited ("ICV") (LSE:ICV), a Vietnam-focused investment fund listed on the London Stock Exchange main market under symbol ICV, is proud to announce a strategic growth capital investment in the International Transportation and Trading Joint Stock Company ("ITC"), a leading private Vietnamese shipping company based in Ho Chi Minh City.
ICV has acquired a minority equity position in ITC for US$25 million and has become one of the Company's first institutional investors, together with Sacombank Securities, which invested in a parallel transaction.
ITC is a private and closely held company with intentions to list on the HCM City Stock Exchange in early 2010.
ITC is growing its business through the expansion of its fleet which currently is comprised of five dry bulk ships having a total capacity of 175,000 DWT that primarily services the construction materials industry.
Furthermore, ITC is engaged in the development, ownership, and operation of two major container ports near Ho Chi Minh City.
Tung Kim Nguyen, the investment manager's Co-CIO, asserts: "This growth capital investment in ITC represents one of our strategies of investing in high quality prelisted businesses with strong growth tied to domestic demand in Vietnam.
"In this case, the investment in ITC is linked to the growth in demand for construction materials that will continue to escalate as Vietnam's real estate development boom gains pace.
"Some of the key development areas which will drive demand include large scale urban infrastructure, residential, commercial, retail, and industrial zones."
About ICV
Indochina Capital Vietnam Holdings Limited is a Vietnam focused closed-end investment fund listed on the London Stock Exchange main market. ICV provides institutional investors with access to a diversified portfolio of Vietnam-based investments, including prelisted equity, state-owned entity equity, listed equity, fixed income, short-term instruments, and other investments.
The Fund's investment manager, Indochina Capital Advisors Limited, is a wholly-owned subsidiary of Indochina Capital Corporation ("ICC").
ICC is one of Vietnam's most established foreign investment firms with a nine year institutional track-record in Vietnam. Please visit our website at www.indochinacapital.com
for more information.
Indochina CapitalThu Tran, +848 520 2030 thu.h.tran@indochinacapital.com www.indochinacapital.com
Ho Chi Minh City, Vietnam - Indochina Capital Vietnam Holdings Limited ("ICV") (LSE:ICV), a Vietnam-focused investment fund listed on the London Stock Exchange main market under symbol ICV, is proud to announce a strategic growth capital investment in the International Transportation and Trading Joint Stock Company ("ITC"), a leading private Vietnamese shipping company based in Ho Chi Minh City.
ICV has acquired a minority equity position in ITC for US$25 million and has become one of the Company's first institutional investors, together with Sacombank Securities, which invested in a parallel transaction.
ITC is a private and closely held company with intentions to list on the HCM City Stock Exchange in early 2010.
ITC is growing its business through the expansion of its fleet which currently is comprised of five dry bulk ships having a total capacity of 175,000 DWT that primarily services the construction materials industry.
Furthermore, ITC is engaged in the development, ownership, and operation of two major container ports near Ho Chi Minh City.
Tung Kim Nguyen, the investment manager's Co-CIO, asserts: "This growth capital investment in ITC represents one of our strategies of investing in high quality prelisted businesses with strong growth tied to domestic demand in Vietnam.
"In this case, the investment in ITC is linked to the growth in demand for construction materials that will continue to escalate as Vietnam's real estate development boom gains pace.
"Some of the key development areas which will drive demand include large scale urban infrastructure, residential, commercial, retail, and industrial zones."
About ICV
Indochina Capital Vietnam Holdings Limited is a Vietnam focused closed-end investment fund listed on the London Stock Exchange main market. ICV provides institutional investors with access to a diversified portfolio of Vietnam-based investments, including prelisted equity, state-owned entity equity, listed equity, fixed income, short-term instruments, and other investments.
The Fund's investment manager, Indochina Capital Advisors Limited, is a wholly-owned subsidiary of Indochina Capital Corporation ("ICC").
ICC is one of Vietnam's most established foreign investment firms with a nine year institutional track-record in Vietnam. Please visit our website at www.indochinacapital.com
for more information.
Indochina CapitalThu Tran, +848 520 2030 thu.h.tran@indochinacapital.com www.indochinacapital.com
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