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Net Asset Value

Released 12:16 14-Jun-2017

RNS Number : 0865I
Vietnam Infrastructure Limited
14 June 2017
 

14 June 2017

 

Vietnam Infrastructure Limited (the "Company")

 

Net asset value

 

The Company announces that, as at its close of business on 31 May 2017, its unaudited net asset value was USD12.8 million or USD0.0365 per share*. This represents a 1.1% decrease from a net asset value per share of USD0.0369 from its close of business on 30 April 2017.

 

* The NAV has been calculated using the net realisable value approach, which the manager believes provides the best estimate of the amount of cash that will be returned to shareholders prior to the liquidation of the Company. This approach takes into account the Company's current cash holding, expected future receipts from divestments, and expected future payments for costs incurred up to and including the Company's liquidation.  The actual amount of cash returned to shareholders will inevitably differ from this estimate, however the manager does not expect any material variation from this estimate unless there is a delay in the liquidation of the Company or unforeseen liquidation costs and/or liabilities arise on warranties and indemnities given in relation to investments sold over the last 12 months

 

More information on the Company is available at www.vinacapital.com/vni

 

Enquiries:

Jenny Nguyen

VinaCapital Investment Management Limited

Investor Relations

+84 8 3821 9930

duyen.h.nguyen@vinacapital.com

 

Joel Weiden

VinaCapital Investment Management Limited

Communications

+84 8 3821 9930

joel.weiden@vinacapital.com

 

Philip Secrett

Grant Thornton UK LLP, Nominated Adviser

+44 (0)20 7383 5100

philip.j.secrett@uk.gt.com

 

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

+44 (0)20 7260 1000

funds@numis.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Net Asset Value - RNS