- ISIN KYG9361X1043
- Country Cayman Islands
Vietnam Holding Ltd.
VietNam Holding Ltd mandates Close Brothers Seydler Bank AG as its new Designated Sponsor
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Vietnam Holding Ltd / Key word(s): Alliance VietNam Holding Ltd mandates Close Brothers Seydler Bank AG as its new Designated Sponsor November 4, 2010: VietNam Holding Ltd, an investment company with a diversified portfolio of Vietnamese equities, announces that it has mandated Close Brothers Seydler Bank AG, the Small- and Mid-Cap specialist, as its designated sponsor (market maker) on the Frankfurt Stock Exchange with trading start November 1st, 2010. VietNam Holding Ltd shares are listed on the Entry Standard of the Frankfurt Stock Exchange as well as on the London Stock Exchange's AIM Market. Min Hwa Hu Kupfer, Chairperson of VietNam Holding Ltd. commented: 'We have mandated Close Brothers Seydler Bank AG because we want to further improve the liquidity in our shares to the benefit of our existing and potential new investors. This step is part of our goal to further raise the profile of VietNam Holding in the German-speaking markets.' Close Brothers Seydler Bank AG is the market leading Sponsor in Germany as per number of mandates and has been consistently assigned with an 'AA' rating by the German Stock Exchange. Designated Sponsors provide additional liquidity and support trading on the Exchange's electronic trading platform Xetra by offering binding prices for the bid- and ask-side and are responsible for alleviating any imbalances between supply and demand. Close Brothers Seydler Bank AG will therefore be responsible for improving liquidity in the shares of VietNam Holding. Designated Sponsors' quotes must satisfy certain quality criteria (minimum requirements) stipulated by the Frankfurt Stock Exchange. About VietNam Holding Ltd VIETNAM HOLDING LTD. (VNH) is an investment company incorporated in the Cayman Islands. The company's diversified investment portfolio is managed by VIETNAM HOLDING ASSET MANAGEMENT LTD., an investment management firm with offices in Hanoi and Ho Chi Minh City and Zurich. VNH is a value investor, incorporating environmental, social and corporate governance (ESG) factors in its investment analysis and decision-making process. Through its VIETNAM HOLDING Forum events, VNH promotes acceptance and implementation of sustainable investment principles. The company has been listed since October 2008 in the Entry Standard of the Frankfurt Stock Exchange and since June 2006 in AIM, London Stock Exchange. About Close Brothers Seydler Bank AG Close Brothers Seydler Bank AG is a fully-licensed bank which has been part of the Close Brothers Group plc, London since 2005. With over 180 Small & Mid Cap company mandates, the company is the market leader in Designated Sponsoring in Germany, and engages as one of the leading floor specialist traders for equities and bonds in over 2,100 directed securities on the Frankfurt Stock Exchange. In the UK, institutions are serviced by the sales and trading team of affiliate company Close Brothers Seydler Ltd. Research services are provided via the Close Brothers Seydler Research AG. For further information please contact:
VietNam Holding Asset Management (Switzerland) Ltd.
Close Brothers Seydler Bank AG End of Corporate News 04.11.2010 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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