Ho Chi Minh City - Vietnam Infrastructure Limited ("VNI" or the "Company"), the first publicly traded fund to focus on infrastructure assets in Vietnam announces that, following a change of ownership in its investment manager, VinaCapital Investment Management Ltd ("VinaCapital" or "Investment Manager"), Mr. Horst Geicke and Mr. Albert Theodore ('Ted') Powers have resigned as a Non-executive Directors of the Company with immediate effect.
Mr. Geicke was a founding member of VinaCapital and has been a Director of the company since its inception in 2007. Mr. Powers, who is also a Director of VinaCapital, was appointed to the Board of the Company in October 2011. Both Mr. Geicke and Mr. Powers have resigned as Non-executive Directors of VinaCapital following the change in ownership.
The Board will consult with the Investment Manager to appoint another representative of VinaCapital to the Board at the next Board meeting.
Commenting on the resignations of Mr. Geicke and Mr. Powers, the Company's Chairman Mr. Paul Cheng said "The Board and the Investment Manager would like to express their sincere gratitude to Horst and Ted for their contributions to the Company. Horst's involvement in the Company, which reaches back to its establishment and admission to AIM, has been considerable. On behalf of the Board, I wish Horst and Ted all the best with their future endeavours."
Notes to Editors:
VinaCapital is the leading investment management and real estate development firm in Vietnam, with a diversified portfolio of USD1.6 billion in assets under management. VinaCapital was founded in 2003 and boasts a team of managing directors who bring extensive international finance and investment experience to the firm. Its mission is to produce superior returns for investors by using its experience and knowledge to identify the key trends and opportunities that emerge as Vietnam continues to develop its economy. To achieve this, VinaCapital has industry-leading asset class teams covering capital markets, private equity, fixed income, venture capital, real estate and infrastructure.
VinaCapital manages three closed-end funds trading on the AIM Market of the London Stock Exchange. These funds are: VinaCapital Vietnam Opportunity Fund Limited (VOF), VinaLand Limited (VNL), and Vietnam Infrastructure Limited (VNI). VinaCapital also co-manages the DFJ VinaCapital L.P. technology venture capital fund with Draper Fisher Jurvetson.
VinaCapital has offices in Ho Chi Minh City, Hanoi, Danang, Nha Trang, Phnom Penh (Cambodia) and Singapore. More information about VinaCapital is available at www.vinacapital.com
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