Update re portfolio realisation
10 Septembre 2009 - 1:24PM
UK Regulatory
TIDMICV
For immediate release on 10 September 2009
INDOCHINA CAPITAL VIETNAM HOLDINGS LIMITED
(the "Company")
Update re portfolio realisation
Further to the announcement by the Company on 3 September 2009 that
it has now begun an orderly realisation of its entire portfolio, the
Board confirms that it is actively reviewing ways of distributing the
net proceeds of the realisation in a timely manner which is fair to
all shareholders.
The Board currently expects that it will convene an Extraordinary
General Meeting at which it will be proposed that the Articles be
amended to permit the Board to return the net proceeds of the
realisation by way of compulsory repurchases on a pro rata basis. The
Board therefore anticipates being in a position to make an initial
distribution of substantially all of the cash held by the Company
immediately after such amendments have been approved by shareholders.
A circular containing full details of the process for distribution of
the realisation proceeds and notice of the Extraordinary General
Meeting will be sent to shareholders as soon as practicable.
For further information please contact:
Indochina Capital Advisors Limited +84 8 3910 1525
Beat Schuerch
Arbuthnot Securities Limited 020 7012 2000
Alastair Moreton
Hannah Pearce
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
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