REG - VinaCapital Vietnam - Estimated Monthly NAV

VinaCapital Vietnam Opportunity FundAnnouncement

10/01/2024 07:00

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RNS Number : 8017Y  VinaCapital Vietnam Opportunity Fd.  10 January 2024

 

VinaCapital Vietnam Opportunity Fund Limited

 

(the "Company" or "VOF")

 

Estimated Monthly Net Asset Value (NAV) -31 December 2023

 

The Company announces that, for the month ended 31 December 2023, its
unaudited, estimated NAV was USD 1,107 million or USD 7.08 per share. The
Sterling equivalent as at that same date was GBP 867 million or GBP 5.55 per
share.

 

On a per share basis, this represents an increase of 2.02% in USD terms (or an
increase of 0.91% in GBP terms) from the month ended 30 November 2023.

 

The GBP to USD foreign exchange rate that has been applied to this NAV is
1.2763.

 

Disclaimers: The monthly reported unaudited, estimated Net Asset Value stated
in this announcement has been prepared by the Administrator and reviewed by
the Investment Manager. It may vary from the estimated weekly NAV
announcements that are produced by the Administrator and reviewed by the
Manager, which are based on estimated valuations. The estimated daily NAVs are
provided for indicative purposes only. The Company accepts no responsibility
for the accuracy of the estimated daily NAV figures reported, and neither is
any responsibility implied.

 

The unaudited, estimated monthly NAV is prepared based on the following
valuation guidelines:

 •    Listed equities are marked-to-market, based on the closing price of the last
      trading day of the prior month, provided by the Vietnam stock exchanges (the
      Ho Chi Minh Stock Exchange and the Hanoi Stock Exchange).

 •    Unlisted securities include over-the-counter (OTC) traded securities and
      unlisted securities publicly traded on the Unlisted Public Companies Market
      (UPCOM) of the Hanoi Stock Exchange. These holdings are marked-to-market on
      the same basis as listed equities. Where this valuation approach is not
      available, unlisted securities valuations are based on the average of up to
      three independent broker quotes for the last trading day of the prior month,
      or where these are unavailable, the last available price.

 •    Non-publicly traded investments, including private equity and direct real
      estate investments, and operating assets, are valued based on the last
      available valuation as approved by the Audit Committee which may be adjusted
      for any impairment, loss or disposal.

 •    Cash is based on cash in the bank at the close of the prior month and may be
      adjusted for receivables and accruals.

 •    The Vietnam Dong (VND) foreign exchange rate is based on the daily reference
      rate provided by Vietcombank as of the date of the monthly NAV. The British
      Sterling (GBP) and US Dollar (USD) exchange rates are based on the Bloomberg
      reference rate of the same day.

 

Further information is available on the Company's website at:
https://vof.vinacapital.com/ (https://vof.vinacapital.com/)

 

Enquiries:

 

 Joel Weiden
 Investment Manager - Investor Relations and Communications

 VinaCapital Investment Management Limited
 T: +84 28 3821 9930
 E: joel.weiden@vinacapital.com (mailto:joel.weiden@vinacapital.com)

 Magdala Mullegadoo
 Company Secretary / Administrator

 Aztec Financial Services (Guernsey) Limited
 T: +44 1481 748 814
 E: vinacapital@aztecgroup.co.uk

1.    References to VOF or the Company in this announcement shall mean
VinaCapital Vietnam Opportunity Fund Limited, a non-cellular company
incorporated in the Bailiwick of Guernsey under The Companies (Guernsey) Law,
2008, with registered number 61765. It is authorised by the Guernsey Financial
Services Commission (reference number 2268242) as a registered closed-ended
investment scheme under The Protection of Investors (Bailiwick of Guernsey)
Law, 2020 and in compliance with the Registered Collective Investment Scheme
Rules, as amended.

 

2.     The registered office address of the Company is East Wing,
Trafalgar Court, Les Banques, St Peter Port, Guernsey, Channel Islands, GY1
3PP.

 

3.    This announcement contains information that is inside information for
the purposes of the UK version of the Market Abuse Regulation (EU) No.
596/2014 which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018 (as amended and supplemented from time to time).

 

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