VinaCapital terminates investment in Ba HuanBy Minh Tam An image seen on the website of VinaCapital Group, which has planned to suspend its investment in Vietnam’s leading poultry egg and meat producer Ba Huan HCMC – VinaCapital Group on August 7 announced plans to suspend its investment in Vietnam’s leading poultry egg and meat producer Ba Huan, following the producer’s recent request to the Prime Minister to help with the termination of the deal. According to a press release from VinaCapital, the two sides are now working together to revoke the deal while complying with the relevant laws and ensuring mutual benefits. VinaCapital claimed the agreement was signed in line with market practices and Vietnamese law and was similar to previous successful agreements between VinaCapital and other partners. The agreement also included articles to protect VinaCapital’s benefits, in line with current market practices. These articles would only be … [Read more...] about VinaCapital terminates investment in Ba Huan
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Ba Huan seeks to cancel deal with VinaCapital
Ba Huan seeks to cancel deal with VinaCapitalBy Minh Tam The partnership between Ba Huan and VOF is now on shaky ground - PHOTO: THANH HOA HCMC - Vietnam’s leading poultry egg and meat producer Ba Huan has written to the prime minister asking for help to terminate its agreement with VinaCapital Vietnam Opportunity Fund (VOF) of VinaCapital Group. Ba Huan claimed that some articles in the agreement stated in Vietnamese are different from those in the English version that was initially signed, which may put it at a disadvantage. A VinaCapital representative told the Saigon Times that the two sides met yesterday (August 6) and agreed to refrain from publicizing any information that might be damaging to either side. According to the deal, Ba Huan must be subject to an internal rate of return of 22%. The partnership also restricts the poultry egg processor from engaging in other business operations than chicken and eggs. If the firm could not meet its targets within three … [Read more...] about Ba Huan seeks to cancel deal with VinaCapital
Vietnam Entertainment Fund makes debut
At the press conference to launch the fund (Source: https://tinnhanh.dkn.tv) HCM City (VNA) – The Vietnam Entertainment Fund (VEF), which aims to increase value through medium- and long-term investments in the entertainment sector, made its debut in Ho Chi Minh City on July 26. This type of open-ended fund operates under the holding form, meaning that the company will hold shares of other firms. The VEF, established under the consultation of VinaCapital Fund Management, will operate to maximise profits for investors by increasing the capital value and dividend yield from initial investments, such as with intellectual property assets of films and fixed assets. Regarding the portfolio, representatives from the VEF said that the fund will diversify its operation fields to reduce risks and ensure investment objectives. At the same time, with its flexible investment form, appropriate financial capacity, transparent information, and safety for investors, the VEF expects to … [Read more...] about Vietnam Entertainment Fund makes debut
Foreign funds see profits vanish in market slump
Viet Nam News HÀ NỘI — Volatility on Việt Nam’s stock market in the past two months has dragged down the performance of foreign investment funds here. Việt Nam’s benchmark VN-Index on the HCM Stock Exchange has declined about 18 per cent in the last two months, eating away most of its gains of over 19 per cent in the first quarter of 2018. Since its highest record of 1,204 points on April 9 this year, the VN-Index lost 20 per cent by May 25, closing this week at 963.9 points. In line with the market downtrend, Pyn Elite Fund, the Finland fund which focused on Vietnamese shares, lost all of its gains since the beginning of this year. The net asset value (NAV) of Pyn Elite Fund as of May 15 decreased 0.2 per cent against last month, reaching 315.82 euros. Its assets under management were 436 million euros (US$510 million). In April, it also witnessed a monthly decrease of 1.5 per cent. Investments causing the biggest losses for the fund … [Read more...] about Foreign funds see profits vanish in market slump
VinaCapital fund channels $32.5mn into Vietnam’s largest egg producer
Ba Huan JSC, Vietnam’s leading producer of pasteurized eggs and poultry meat, has received a US$32.5 million investment from a flagship fund managed by private equity and venture capital firm VinaCapital. The VinaCapital Vietnam Opportunity Fund (VOF) said on Tuesday it has set aside the sum to acquire a significant minority stake in the company. “VOF may also invest a moderate amount of additional capital during the next 12 months as the company delivers on mutually-agreed milestones,” it said. Ba Huan was founded in 2001, growing from a family business to become the leading supplier of pasteurized poultry eggs in the Vietnamese market. Led by CEO Pham Thi Huan, who is dubbed the Vietnamese ‘queen of poultry eggs,' Ba Huan currently makes up more than 30 percent of the country’s pasteurized egg market. The company operates two fully enclosed industrial poultry farms, including a layer farm with over 1.5 million chickens for commercial egg production, and … [Read more...] about VinaCapital fund channels $32.5mn into Vietnam’s largest egg producer