VinaCapital
Vietnam Opportunity Fund Limited
(the "Company"
or "VOF")
Estimated
Monthly Net Asset Value (NAV) -31 March 2024
The Company announces that, for the month ended
31 March 2024, its unaudited, estimated NAV was USD 1,165 million
or USD 7.62 per share. The Sterling equivalent as at that same date
was GBP 923 million or GBP 6.04 per share.
On a per share basis, this represents an
increase of 1.74 % in USD terms (or an increase of 1.85% in GBP
terms) from the month ended 29 February 2024.
The GBP to USD foreign exchange rate that has
been applied to this NAV is 1.2620.
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:
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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).
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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.
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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.
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Cash is based on cash in the bank at the close
of the prior month and may be adjusted for receivables and
accruals.
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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.
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Further information is available on the
Company's website at: https://vof.vinacapital.com/
Enquiries:
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Joel Weiden
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Investment Manager - Investor Relations and
Communications
VinaCapital Investment Management
Limited
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T: +84 28 3821 9930
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E: joel.weiden@vinacapital.com
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Magdala Mullegadoo
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Company Secretary / Administrator
Aztec Financial Services (Guernsey)
Limited
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T: +44 1481 748 814
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E:
vinacapital@aztecgroup.co.uk
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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).