Executive Summary
Vietnam Infrastructure Limited is a newly incorporated, closed-end Cayman Islands registered, exempted company established to invest in a diversified portfolio of infrastructure and infrastructure related assets in Vietnam and surrounding Asian countries. The Company intends to invest and hold equity, debt and hybrid instruments in unquoted companies that themselves hold, develop or operate infrastructure assets. The Company may also invest in entities whose shares or other instruments are listed on a stock exchange, or traded on the OTC Market, a network through which shares of various unlisted companies are traded. The Company may also invest in other funds that invest in infrastructure assets. The Company intends to build a diversified portfolio of infrastructure assets by investing in operating, distressed and greenfield projects in four key sectors of energy, transport, water utilities and telecommunications. At least 70 per cent. of the gross asset value will be invested in Vietnam. The Company's primary focus will be Ho Chi Minh City, Hanoi and other key economic areas, including but not limited to Danang and Can Tho. Up to a maximum of 30 per cent. of the gross asset value may be invested in surrounding Asian countries should the directors of the Company (the \Directors\) consider that such investments would offer potentially attractive returns. No one initial investment will exceed 30 per cent. of the Company's net asset value at the time of investment and no investment in any other fund will exceed 10 per cent. of the Company's net asset value at the time of investment. The Company will seek to own a substantial interest in its investments and, where necessary, to secure adequate minority protection rights. The Directors undertake to propose a resolution for the winding-up of the Company if no investments have been made within two years of Admission. The Company has appointed VinaCapital Investment Management Ltd. as its investment manager. VinaCapital was established in 2003 and operates a fund management and advisory business out of its headquarters in Ho Chi Minh City and offices in Hanoi, Danang and Hong Kong, and draws on the talents of over 120 professionals. VinaCapital has assembled a dedicated management team with a combination of local and international experience in infrastructure investment, finance, entrepreneurship and mergers and acquisitions. The Directors comprises three independent non-executive directors and two non-independent directors who are also senior investment personnel of VinaCapital.
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