24 Feb 2014 11:30
24 February 2014
VinaLand Limited
Director Appointment
VinaLand Limited ("the Company" or "VNL"), the AIM-quoted investment vehicle established to target strategic segments within Vietnam's emerging real estate market, announces that the Board of Directors has appointed Mr. Daniel McDonald as a new Independent Non-executive Director, effective 19 February 2014. Mr. McDonald has replaced Mr. Stanley Chou, who has resigned from the VNL Board. Mr. Chou was elected as a Non-executive Director in 2011 and was a member of VNL's Valuation Committee. As a result the total number of VNL Board member is five. As such, Mr. McDonald has also been appointed as a new Independent Non-executive Director to the Company's subsidiary, VinaLand ZDP Ltd.
Daniel McDonald
Early in Mr. McDonald's career, he joined Colliers Jardine in Sydney as an Associate Director in 1997 to capitalize on the development boom of the South Sydney industrial/commercial market. Following this, he transferred from Colliers International Sydney to Colliers International Singapore holding the positions of Director - Industrial and Director - Commercial Office Leasing from 2002 through 2004.
In 2004, Mr. McDonald moved to Shanghai as the Managing Director and Executive Director of Industrial and Logistics Services at CBRE where he established and expanded the firm's newest and fastest growing business lines, Industrial and Logistics Services in Asia.
In 2005, he relocated to Hong Kong as the Director of Investments and Business Development Asia at Macquarie Goodman Asia (now Goodman Asia) to drive the acquisition process and ensure the investment criteria for the firm's proposed Industrial Fund was sound and achievable. However, after the initial Logistics fund was launched in 2006, he was promoted to Managing Director where he grew the fund to over 18 assets and two development sites with a value of over AUD1.2 billion.
Since August 2010, Mr. McDonald has served in dual roles as Head of Fund Management - Asia Pacific Real Estate and Fund Manager - Asia Pacific Property Fund at Aviva Investors (Singapore).
Currently based in Singapore, Daniel has over 17 years experience in real estate transactions and real estate fund management across multiple asset classes in major Asian markets.
The Company's Chairman, Mr. Michel Casselman stated, "I would like to thank Mr. Chou very much for his constructive contributions during his two year tenure. His interaction with shareholders was extremely helpful to reach points of view which were supported by a large majority of shareholders. Additionally, I look forward to working with Mr. Daniel McDonald. Daniel brings a vast understanding of the regional real estate market and experience in divesting assets to institutional investors, which I am sure will be to the benefit of all shareholders."
Enquiries:
David DropseyVinaCapital Investment Management LimitedInvestor Relations/Communications+84 8 821 9930david.dropsey@vinacapital.com
Philip Secrett
Grant Thornton UK LLP, Nominated Adviser
+44 (0)20 7583 5100
philip.j.secrett@uk.gt.com
Hiroshi Funaki/ Andrew DaviesEdmond de Rothschild Securities, Broker+44 20 7845 5960funds@lcfr.co.uk
David Benda / Hugh JonathanNumis Securities Limited, Broker+44 (0)20 7260 1000
funds@numis.com
Andrew WaltonFTI Consulting, Public Relations (London)+44 (0)20 7269 7204andrew.walton@fticonsulting.com
Further information
Daniel McDonald, (aged 47) currently holds and has held (including all appointments during the five years preceding the date of this announcement), the following directorships and partnerships, other than the Company:
Current directorships: Asia Pacific Property PartnersMcDonald Invest Pty Ltd
| Former directorships/partnerships (in the last five years): N/A
|
There is no other information that is required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.
Notes to Editors:
VinaCapital
VinaCapital is a leading asset management and real estate development firm in Vietnam, with a diversified portfolio of USD1.5 billion in assets under management. VinaCapital was founded in 2003 and boasts a team of investment professionals who bring extensive international finance and investment experience to the firm. Our mission is to produce superior returns for investors by using our experience and knowledge to identify the key trends and opportunities that emerge as Vietnam continues to develop its economy. To achieve this, VinaCapital has teams with broad experience covering equity markets, fixed income, private equity, 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, and Singapore. More information about VinaCapital is available at www.vinacapital.com.