VNStockNews.com - Extra ordinary meeting of the shareholder of Indochina Capital Vietnam on October 19 decided to refund the first round investment capital of $205.3 million or 80.2% of its NAV (according to the price of October 15) to the shareholders.
Accordingly, the shareholders will re-sell shares to ICV and the fund will annul the volume of shares.
Reportedly, till October 30, total NAV of ICV was approximately $47.73 million equalling to 9.03 million fund certificates.
Meanwhile, at the end of September, the fund's NAV was estimated at $256.22 million or 45.63 million fund units.
Thus, within October, ICV refunded capital to the shareholders of 36.6 million shares worth $200 million.
On the London market, ICV was traded at $4.36 per unit on October 30, lower 17.4 percent than NAV per fund unit of $5.28.
Remaining investment portfolio of ICV is mainly private equity, accounting for 56.4 percent of ICV's NAV while 19.5 percent is the investment ratio of listed shares and 6.5 percent in OTC shares. Cash and other assets accounted for 17.5 percent.
Nov 24, 2009
Indochina Capital Vietnam pays over $200m to shareholders
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