22 May 2017
VinaCapital Vietnam Opportunity Fund
Limited (“the Company” or “VOF”)
Estimated weekly net asset value
(“NAV”)
VinaCapital Vietnam Opportunity Fund Limited, a London Stock
Exchange Main Market traded investment company established to
target key growth segments in Vietnam, and managed by VinaCapital Group (the
“Manager”), announces that, as at its close of business on
19 May 2017, its unaudited, estimated
net asset value was USD925.6 million
or USD4.60 per share (Sterling
equivalent at that date was GBP710.7
million or GBP3.53 per share).
This figure represents a week-over-week decrease of 0.3% in USD
terms and a year-to-date increase of 9.9% in USD terms for the 2017
calendar year.
The estimated weekly NAV stated in this announcement has been
produced by the Manager based on estimated valuations and
accordingly the Company accepts no responsibility for the accuracy
of the estimated weekly NAV figure given, and neither is any
responsibility implied. The actual month end NAV in any month may
vary from the estimated weekly NAV’s provided in the relevant
month. Accordingly, no reliance should be placed on the estimated
weekly NAV and it has been provided for indicative purposes only.
The Company’s unaudited Net Asset Value as at the end of each month
will continue to be published on or around the 10th of
each month.
The estimated weekly NAV is prepared by the Manager based on the
following valuation guidelines:
- Listed equities are marked to market, based on the closing
price of the last trading day of the prior week, provided by the
Vietnam stock exchanges (the Ho
Chi Minh Stock Exchange and the Hanoi Stock Exchange).
- Over the counter (OTC) securities are based on the average of
up to three independent broker quotes for the last trading day of
the prior week to the extent available, or the last available
price.
- Non-publicly traded investments, including private equity and
direct real estate investments, and operating assets, are valued
based on the last available valuation as approved by the Audit
Committee which may be adjusted for any impairment, loss or
disposal.
- Cash is based on cash in the bank at the close of the prior
trading week and may be adjusted for receivables and accruals.
- The Vietnam Dong (VND) foreign exchange rate is based on the
daily reference rate provided by Vietcombank as of the date of the
weekly NAV. The British Sterling (GBP) and US Dollar (USD) exchange
rates are based on the Reuters reference rate of the same day.
More information on the Company is available at
vof-fund.com.
Enquiries:
Jonathan Viet Luu
VinaCapital Investment Management Limited
Investor Relations
+84 8 3821 9930
jonathan.luu@vinacapital.com
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 20 7260 1000
funds@numis.com
Franczeska Hanford / Martin
Bourgaize
Northern Trust International Fund Administration Services
(Guernsey) Limited, Company Secretary
+44 1481 745001
fk26@ntrs.com / meb16@ntrs.com
Edward Gascoigne-Pees
Camarco, Public Relations (London)
+44 20 3757 4980
ed.gascoigne-pees@camarco.co.uk