RSS

Vietnam Property Fund in AIM IPO

Article Date:  Apr 29 2008 Nick Britton

An investment vehicle established to invest in the Vietnamese property market has raised US$90 million (£46 million) on AIM. Vietnam Property Fund’s initial public offering (IPO) is the largest this month, raising more than all other AIM IPOs combined.

The money was raised almost entirely from institutional investors including the International Finance Corporation, the private sector investment arm of the World Bank; and Proparco, which is backed by the French government.

The fund will be managed by Vietnam-based asset management business Dragon Capital, which has an asset base of more than $2 billion.

Neil Thurston, manager of Dragon Capital’s property investment team, comments: ‘Vietnam’s rapid growth has resulted in acute undersupply across a range of property categories. Our aim will be to seek out investments that are most likely to benefit from the raw growth of the domestic economy.’

Vietnam Property Fund is a closed-ended investment company incorporated in the Cayman Islands. It will initially invest through real estate companies, though it may later allocate funds directly to construction projects.

Comments 

There are currently no comments on this article

Sign up and get...

  • Regular GrowthBusiness newsletters
  • Post comments on articles
Sign up

Recruitment strategies during a recession - Free guide

When a recession hits, or when your busy periods become less frequent, recruitment plans will undoubtedly be affected. To overcome this, all you need to do is alter your recruitment strategies. Download your free guide today.

Royal Mail can help your business grow

However you’re looking to grow – by finding new customers, developing your existing customers or by saving time and money – Royal Mail can help. Just spend a couple of minutes telling us about your company, and we’ll send you a tailored growth pack, designed specifically to help you grow your business. Get started.

TOTALCARD

The fuel card that gives you more. Be it local account cards or corporate fleet cards that you need, TOTALCARD is the right choice for your business. Apply Today!

Research

  • Directors' Pay on AIM 2008

    What is the average AIM company paying its chief executive? Who are AIM’s highest- and lowest-paid chief executives?

Global Technology Review 2008

Who are the world’s 200 most influential IT companies across sales, revenue growth, profits and net margins? Read more in the Global Technology Review 2008

Patent Landscape on AIM 2008

A comprehensive report on those AIM listed companies who have the most patent filings in the last two years.

More

Events Calendar

Investor AllStars 2009

23rd September, London Hilton, Park Lane

The CANACCORD Adams Media Magnate Awards 2009

26th March, Vinopolis, London

Rosenblatt New Energy Awards 2010

25th February, Natural History Museum, Cromwell Road, London SW7 5BD

More

More News: IPO & City News

Men still dominate AIM boards

Only 28 AIM CEOs are women

Women head just two per cent of AIM-listed companies, and only five per cent of financial directors on the market are female, research reveals.

Daisy joins AIM via reverse takeover

Business-to-business telecoms company Daisy Communications is to become an AIM-listed business following the reverse takeover of Freedom4 Group.

Government launches £1 billion VC fund

The UK government has created a fund to support early-stage technology companies via the venture capital (VC) industry.

Advertisement

Related articles

Cancer vaccine specialist in PLUS IPO

A company developing a pipeline of cancer vaccines has raised £1.55 million in an initial public offering (IPO) on PLUS. Scancell raised the money through AIM-listed broker St Helen’s Capital. 

Wagon sets wheels in motion for AIM move

Automotive components group Wagon, which is listed on the LSE’s main market, says it expects its move to AIM to be completed by 6 October. The move was necessitated by a refinancing earlier this year, resulting in less than 25 per cent of Wagon’s shares remaining in public hands.

Hexagon makes US move

A headhunting and interim management company is to increase the international reach of one of its subsidiaries after agreeing to buy a US firm. AIM-listed Hexagon Human Capital will extend the services provided by Oxygen Executive Search, its senior and board level recruitment business, after striking a deal to buy Winchester Group.

US and UK top financial index

The US and the UK have the best financial systems in the world, according to an index launched by the World Economic Forum (WEF). Defying the credit crisis, slowing growth and recent high-profile institutional collapses, the US takes first place with the UK a close second, both countries outstripping the rest of the top ten by a significant margin. 

Poll

Are you seeing green shoots?



Have your vote on current issues

People who read this also read

  • Cash Shells Special Report 2009

    A comprehensive overview of cash shells on AIM and PLUS, companies that have become a significant feature on the market landscape.

  • Spotlight on AIM 2008

    This unique research report provides a comprehensive assessment of AIM and reveals the best-and worst-performing stocks on AIM of last year.

  • AIM companies in acquisitive mood

    The majority of AIM-listed companies expect to complete acquisitions in the next 12 months, according to research.

  • Directors’ Dealings by David Russell

    With a volatile stock market continuing to experience sharp falls, certain smaller company directors have sent out confident signals by snapping up out-of-favour equities.

  • Landlords encouraged to get their house in order

    A scheme to promote tenant-friendly leasing has been launched by the British Property Federation. The Commercial Landlords Accreditation Scheme obliges member landlords to follow a ten-point code of conduct agreed in March between owners and occupiers.

White Papers

Better Roads

Serves the information needs of governments and construction contractors involved in Federal, State, County, City and Township highway, road and bridge construction, winter maintenance, roadside and vegetation management and other highway-related projects.

Defense Technology International

Is the one publication focusing on the critical role of defense technologies in programs, policies, programs and funding, providing readers with integrated intelligence and global perspective in Land, Sea, and Air.

FierceGovernmentIT

Is a free, three times a week email briefing for government employees and contractors on the latest government technology news.

More

Take part in our competition and win a laptop

Growthbusiness.co.uk has teamed up with Insurantz.com to find out from you the secret of your business's longevity.

– Is it having a knack for hiring the right people or knowing that if you want something done properly, you need to do it yourself?

– Are you adept at reacting to changing market conditions and going the extra mile for your customers?

– Have you always had a keen eye for the numbers or made sure you have someone on board who does?

If your business has proven itself over a number of years, or if you know of a great local business and think it should be entered, then we want to hear about it!

A judging panel will draw up a shortlist of entrants for you to vote on to decide who will become the Growth Business Local Legend.

The winning company will receive computer equipment worth up to £500, plus £1,000 of business insurance (or free business cover up to an annual premium of £1,000 for larger businesses) all courtesy of our partners at Insurantz.com.

All shortlisted businesses will receive marketing collateral to promote your entry and encourage support from your customers and business associates. Everyone who enters the competition will automatically receive a 10% discount voucher code off insurance products bought from Insurantz.com.

To access the discount voucher code, please complete the survey.

At Insurantz..com, we encourage entrepreneurship, so start-up businesses are not charged extra when other insurers may decline or charge more. Insurantz.com offers a double-the-difference price guarantee on premiums where a better deal is found within 14 days of the cover start date.

Terms and conditions apply

Click here to enter the