20 November 2017
VinaCapital Vietnam Opportunity Fund
Limited (“the Company” or
“VOF”)
LEI No.: 2138007UD8FBBVAX9469
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 (the
“Manager”), announces that, as at its close of business on
17 November 2017, its unaudited,
estimated net asset value was USD1.0
billion or USD5.09 per share
(Sterling equivalent at that date was GBP764.5 million or GBP3.85 per share). On a per share basis, this
figure represents a week-over-week increase of 2.5% in USD terms
and a year-to-date increase of 21.6% 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).
- Unlisted 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. Please
note that Unlisted Securities include over-the-counter (OTC) traded
securities and unlisted securities publicly traded on the Unlisted
Public Companies Market (UPCoM) of the Hanoi Stock Exchange.
- Non-publicly traded investments, including private equity and
direct real estate investments, and operating assets 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 / Joel Weiden
VinaCapital Investment Management Limited
+84 28 3821 9930
jonathan.luu@vinacapital.com / joel.weiden@vinacapital.com
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 20 7260 1000
funds@numis.com
Franczeska Hanford
Northern Trust International Fund Administration Services
(Guernsey) Limited, Company Secretary
+44 14 8174 5001
fk26@ntrs.com
Edward Gascoigne-Pees
Camarco, Public Relations (London)
+44 20 3757 4980
ed.gascoigne-pees@camarco.co.uk