Friday, December 9 2016

VietNamNews

VinaCapital divests stakes

Update: May, 19/2016 - 12:12

Viet Nam News –HÀ NỘI (VNS) – VinaCapital Vietnam Opportunity Fund (VOF) and VinaLand Limited (VNL) have transferred all their stakes in the 21st Century JSC to Khải Hưng Real Estate Co. Ltd.

Both VOF and VNL are under the management of VinaCapital, an investment management and real estate firm in Việt Nam.

Andy Ho, Managing Director of VinaCapital, said after divesting capital from the 21st Century JSC, VOF’s direct investment capital in real estate projects would reduce to below 10 per cent of its total investment.

He said it’s an important step in the company’s strategy to reduce direct holdings in real estate sector and enable the fund to further focus on investment in areas such as unlisted companies and over-the-counter investment — VNS 

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