Exited Please find below for more information on the investee companies which were successfully
exited on the stock exchange or sold by the Mekong Enterprise Fund, Mekong Enterprise Fund II and Vietnam Azalea Fund.
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MEF's divestment from Tan Dai Hung Plastics
In August 2009, Mekong Enterprise Fund has completed the sales of its shares in Tan Dai Hung Plastics Joint Stock Company. The Fund originally invested in Tan Dai Hung in March 2003, which was the Fund’s first investment. We have worked with them to prepare for a successful listing in November 2007. |
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MEF's divestment from Duc Thanh
In Aug 2009, Mekong Capital has completed the
sale of Mekong Enterprise Fund’s investment in Duc Thanh Wood Processing Joint Stock Company
(“Duc Thanh”) to a Vietnamese strategic investor. The Fund originally invested in
Duc Thanh in February 2005. |
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VAF's divestment from Kinh Bac City Development Share Holding Corporation (KBC) In July 2009, Vietnam Azalea Fund completed the sale of its stake in Kinh Bac City directly on the stock market. The Fund originally invested in Kinh Bac City in a private placement in May 2008. |
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MEF’s divestment from Saigon Gas In December 2008, Mekong Enterprise Fund sold its stake in Saigon Gas to the French oil and gas giant, Total Group, who acquired 100% of the company concurrently. This was Mekong Capital’s first divestment.
Foreseeing the consolidation trend in Vietnam’s LPG market and understanding the industry dynamics, we worked closely with the company to make it attractive to strategic buyers, focusing on its distribution network, strong brand, and transparency in financial reporting. As a result, MEF managed to complete the exit at attractive valuations, even in the midst of a global financial crisis.
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