Vietnam Resource Investments (Holdings) Limited, VRI
VRI is a closed-end investment company which was formed for the purpose of investing primarily in the securities of natural resource companies, whether or not located in Vietnam, which have significant operations in Vietnam. However, in view of matters such as credit constraints and changes in the sector climate in Vietnam, VRI shareholders passed a special resolution at the annual general meeting on 28 September 2010 to amend the investment objective to an orderly realisation of the Company’s assets.
| Bid 2.50 | Offer 2.70 | Updated 15/05/2013 | NAV 3.20 | As at 26/04/2013 |
|---|
Shares are listed on the Official List of the Luxembourg Stock
Exchange and were admitted for trading on the regulated market of
the Luxembourg Stock Exchange with effect from 6 August 2007. The
Company is managed by the Investment Manager which is 100% owned by
Dragon Capital. From mid-2008 the world's worst financial crisis in
eighty years slammed the door shut on credit facilities and plunged
the resources sector into an investment and valuation black hole,
severely impacting the Company and its underlying investments.
| Fund Information |
| Structure |
Cayman registered closed-end fund |
| Inception Date |
31 July 2007 |
| Issued Shares |
24,714,286 |
| Fund Size |
US$79.14m (as at 26 April 2013) |
| Geographical Focus |
Vietnam |
| Listed |
Luxembourg Stock Exchange |
| Valuation Policy |
Fair value |
| NAV Frequency |
Monthly |
| Base Currency |
US$ |
| Minimum Investment at New Issue |
US$100,000 |
| Par Value per Share |
US$1.00 |
| ISIN |
KYG9362V1077 |
| SEDOL |
B23JKK7 |
| CUSIP |
G9362V107 |
| Bloomberg |
VIETRES KY |
| Reuters |
DRAGON1 |
| Directors of Fund |
Shaun Giacomo, Warwick Kneale, Martin Adams
|
| Portfolio Manager |
Bas van Rooijen |
| Administrator |
HSBC Trustee (Cayman) Limited |
| Auditor |
KPMG Limited |
| Legal Advisor (Cayman Islands) |
Charles Adams, Ritchie & Duckworth |
| Legal Advisor (Luxembourg) |
Oostvogels Pfister Feyten |
| Legal Advisor (UK & Vietnam) |
Freshfields Bruckhaus Deringer |
| Custodian |
HSBC Institutional Trust Services (Asia)
Limited |