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VinaLand Limited update

6th Jun 2016 07:00

RNS Number : 0995A
VinaLand Limited
06 June 2016
 

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

[email protected]

 

Joel Weiden

VinaCapital Investment Management Limited

Communications

+84 8 3821 9930

[email protected]

 

Philip Secrett

Grant Thornton UK LLP, Nominated Adviser

+44 (0)20 7383 5100

[email protected]

 

David Benda / Hugh Jonathan

Numis Securities Limited, Broker

+44 (0)20 7260 1000

[email protected]

 

Daniel Jason

Peregrine Communications, Public Relations (London)

+44 (0) 20 3040 0872

[email protected]

This information is provided by RNS
The company news service from the London Stock Exchange
 
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