22/03/2006 Exchange is delighted to welcome VinaLand to AIM
22 March 2006
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.