6 Jun 2016 07:00
6 June 2016
VinaLand Limited ("the Company" or "VNL")
VinaLand Limited update
VinaLand Limited has published a copy of a VNL update presentation dated 3 June 2016 that will form the basis of discussions with shareholders at the forthcoming meetings scheduled in Europe commencing this week and in Asia thereafter.
The shareholder discussions have been organised to discuss possible future strategic options for the Company which could include (i) a realisation and wind up strategy over a fixed period of time, or (ii) a realisation and development strategy where all assets are divested other than four residential projects which would be retained to form a focused residential development business, where up to half of the cash from divestments would be distributed to shareholders and half re-invested in the four residential projects, and where certain operational functions currently delivered by VinaCapital would be transferred to the Company thereby creating an internalised management structure. Electronic copies of the presentation and research reports can be downloaded from the Company's website at http://vnl-fund.com/information-briefs/.
More information on the Company is available at www.vnl-fund.com/
Enquiries:Jeremy Greenberg
VinaCapital Investment Management Limited
Investor Relations
+84 8 3821 9930
jeremy.greenberg@vinacapital.com
Joel Weiden
VinaCapital Investment Management Limited
Communications
+84 8 3821 9930
joel.weiden@vinacapital.com
Philip Secrett
Grant Thornton UK LLP, Nominated Adviser
+44 (0)20 7383 5100
philip.j.secrett@uk.gt.com
David Benda / Hugh Jonathan
Numis Securities Limited, Broker
+44 (0)20 7260 1000
funds@numis.com
Daniel Jason
Peregrine Communications, Public Relations (London)
+44 (0) 20 3040 0872
daniel.jason@peregrinecommunications.com