New fund to target small enterprises
  • Thông báo


    + Trả lời Chủ đề
    Kết quả 1 đến 1 của 1

    Hybrid View

    1. #1
      Ngày tham gia
      Jan 2010
      Bài viết
      781
      Được cám ơn 70 lần trong 53 bài gởi

      Mặc định New fund to target small enterprises

      The VND200 billion (US$10.5 million) Japan Asian Fund, a joint venture between MB Capital Fund and Japan Asia Holding Group, has been licensed by the State Securities Commission, with the Japanese partner contributing 49 per cent of the initial capital.
      "This is the first time that MB Capital Fund has co-operated with a foreign fund management company to set up a fund," said MB Capital Fund General Director Phan Anh.
      "The fund will invest in high-growth enterprises with high market share in their operating fields, good management and a transparent roadmap for listing shares," Phan Anh revealed.
      The Japanese partner would take part in the fund's management, Phan Anh said, and the fund expected to raise another VND800 billion ($42.1million), making investments in small- and medium-sized enterprises.
      The fund would target enterprises with pre-tax profits of at least VND10 billion ($525,000) per year and a minimum annual growth rate of 20 per cent. It would then spend VND20-40 billion ($1.1-2.1 million) to purchase shares or convertible bonds in the targeted company, with an expected holding of 10-30 per cent of the company's shares.
      Thang Long Securities Co, a major stakeholder in MB Capital Fund, would assist these targeted enterprises in financial issues, restructuring and share listing.
      MB Capital Fund, a subsidiary of Military Bank, currently manages three additional investment funds in Viet Nam with a total capital of over VND20 trillion ($1.1 billion), including the Viet Nam Tiger Fund, Ha Noi Fund, and Viet Nam Dream Fund.

    2. Những thành viên sau đã cám ơn :
      Hoang Uyen (24-07-2010)

    Thông tin của chủ đề

    Users Browsing this Thread

    Có 1 thành viên đang xem chủ đề này. (0 thành viên và 1 khách vãng lai)

       

    Similar Threads

    1. Stocks see small rise as blue-chips tumble
      By kieudiemvje in forum STOCKs LISTED IN HoSE
      Trả lời: 0
      Bài viết cuối: 07-04-2010, 05:01 PM
    2. Small banks rush to list on the bourse
      By phuocpham in forum STOCKs LISTED IN HoSE
      Trả lời: 0
      Bài viết cuối: 22-12-2009, 07:12 PM
    3. Pity the small fry
      By phuocpham in forum STOCKs LISTED IN HoSE
      Trả lời: 0
      Bài viết cuối: 14-09-2009, 02:58 PM
    4. Small caps rally as investor interests shift
      By boiman in forum STOCKs TRADING IN HNX
      Trả lời: 0
      Bài viết cuối: 27-05-2009, 01:53 PM
    5. Small listed firms must switch to Hanoi
      By boiman in forum STOCKs TRADING IN HNX
      Trả lời: 0
      Bài viết cuối: 05-01-2009, 07:11 PM

    Bookmarks

    Quyền viết bài

    • Bạn Không thể gửi Chủ đề mới
    • Bạn Không thể Gửi trả lời
    • Bạn Không thể Gửi file đính kèm
    • Bạn Không thể Sửa bài viết của mình