Saigon Asset Management Signs Strategic Agreement with Thanh Nien Corporation Press Release

SAM 18th August, 2009

(Ho Chi Minh City, Vietnam) Saigon Asset Management, the investment manager of two Frankfurt listed investment funds Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), today announced the official signing ceremony with Thanh Nien Corporation (TNC).

The signing ceremony is on the following key points: (i) SAM to become a strategic partner of TNC in which SAM will assist TNC in the area financial advisory and to actively promote TNC’s projects and TNC’s affiliates and subsidiaries to other foreign institutional investors (ii) SAM to become a strategic shareholder of TNC in the fourth quarter of 2009.

About SAM

Established in 2007, Saigon Asset Management (SAM) is the investment manager for Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), which are both Cayman Islands investment companies listed on the Frankfurt Stock Exchange and Xetra.

VEH has approximately US$75 million of assets and invests primarily in Vietnam’s premier listed and private companies.  VPH has approximately US$50 million of assets and invests in Vietnam’s real estate companies and projects.

SAM also provides mergers and acquisitions (M&A) advisory services to local and international companies.

Based in Ho Chi Minh City, SAM employs over 20 financial professionals from leading international and domestic corporations whose expertise is fortified by deep-rooted local knowledge and industry experiences with proven track records and abilities to source high quality deal flow to produce results in Vietnam. All SAM employees speak fluent Vietnamese and English.

Recent statement on some newspapers and media that by a local fund management company with its registered office in Ho Chi Minh City that it manages Vietnam Equity Holding and Vietnam Property Holding is a misrepresentation and misleading information. Saigon Asset Management accepts no liability and responsibility for any reliance by any person on such willful misstatement.

For further information on SAM and its funds, please visit www.saigonam.com or email to IR@saigonam.com

About TNC

Thanh Nien Corp with its initial charter capital of 500 billions VND has grown with the total charter capital up to 1,800 billions VND. Since its establishment, it has been involved into a wide range of business fields such as steel trading, real estate trading, investing into technical infrastructure works, residential areas, commercial centers, hi-class apartments, and other associated and affiliated financial investment activities.

As of today, under Thanh Nien Corp has more than 10 subsidiaries with its 100% capital ownership and control belonging to Thanh Nien Corp. They have a wide range of activities and business lines such as Security and Gold trading company, Export-Import, garment, steel and real estate and so on.

So far Thanh Nien has been operated as a Group model, controlling company and its subsidiary ones. The company has promoted its activities into investment – real estate trading, financial investment and steel trading.

Thanh Nien Corp’s ongoing projects:

  • Cam Ranh Eco resort with 150 hectares
  • High rise apartment building situated at 33 Truong Cong Dinh , Tan Binh Dist., (over 600 apartments);
  • Commercial center – hi-class apartment building at 2504/1A Lac Long Quan , W. 11, Tan Binh Dist., with 5,434 m2
  • Commercial center – hi-class apartment building at 91 Pham Van Hai , Tan Binh Dist.
  • Many other ongoing projects

 

For further information about Thanh Nien Corp, please visit www.thanhniencorp.vn or email to info@thanhniencorp.vn