Management change at Investment Manager

RNS Number : 9242R

VietNam Holding Limited

31 October 2013

 



31 October 2013

Vietnam Holding Limited

Senior Management Change at

Vietnam Holding Asset Management, Ltd.

Vietnam Holding Limited (the 'Company') (AIM: VNH) today announces that Mr. Vu Quang Thinh, the Chief Executive Officer of its investment manager, Vietnam Holding Asset Management, Ltd. (VNHAM) has resigned for personal reasons, with effect from January 1^st, 2014.

Mr. Thinh has been the CEO of VNHAM for the last 2 years and the Company has benefited from his experience and expertise during this period. The Company is therefore pleased that Mr. Thinh has accepted an appointment as a member of the Board of Directors of VNHAM, with effect from January 1^st, 2014 and that it will therefore continue to be able to access Mr. Thinh's expertise going forward.

The search for a replacement CEO has begun and several promising candidates have already been identified.  Until a new CEO has been appointed, Mr. Thinh has confirmed that he will act as a Managing Director of VNHAM and will continue to fulfill his current executive responsibilities. In addition, the Board of VNHAM will support Mr. Thinh and the newly appointed CEO, as required.

The Company wishes to thank Mr. Thinh for his valuable contribution over the last two years.

An announcement of the appointment of a permanent CEO will be made as soon as such appointment is confirmed.

For further information please contact:

VietNam Holding Asset Management Limited

Telephone: [phone]

Gyentsen Zatul - Investor Relations.

Oriel Securities Limited (Nominated Adviser and Broker)

Telephone: [phone]

Stewart Wallace / Neil Winward / Tom Yeadon.

Buchanan Communications

Telephone: [phone]

Charles Ryland.

 

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