Result of AGM

RNS Number : 3304C

VietNam Holding Limited

11 November 2009

 



 For immediate release                                                                                                             11 November 2009

VietNam Holding Limited

('VNH' or the 'Company')

Result of AGM 

Amendment of Investment Policy 

VietNam Holding Limited (AIM: VNH) announces that at the AGM held on 10 November 2009, all Board recommended resolutions were passed including an important amendment in the Company's investment policy and investment restrictions.

The Company's investment policy to date has centred on a commitment to Vietnam's continued economic development as well as delivering sustained value to its shareholders. The amendment to this policy will aim to continue to deliver value through its long term value based investment strategy; however a greater focus will be made on the quality of its profits by an increased emphasis on socially responsible investments.  

VietNam Holding intends to play an increased role in Vietnam's emergence, both as an economy as well as a stable and influential nation. It aims to achieve this through its amended investment policy which will make sustainability and responsibility the core emphasis of its investment criteria. This amended policy is a continuation of the efforts that the Company has already made to improve the social welfare of Vietnam's children through the philanthropic work of its charitable VNH Foundation which has been identifying and supporting worthy causes in Vietnam since the Company's inception.

The Board of Directors firmly believes that this important increase in focus on SRI sensitivity is in the best interest of the Company and reflects the recent shift in the investment community towards investments which have a more positive social and environmental impact. 

Commenting on the announcement, Min-Hwa Hu Kupfer, Chairperson of VietNam Holding said:

"We are pleased that our amended investment policy has been approved by shareholders as we strive to generate profitable returns through a transparent, honest and respectable investment policy. This sustainable, responsible approach has always been a core part of our philosophy and we intend to increase the role we play in Vietnam's continued emergence while being dedicated to delivering a quality return on investment for our shareholders." 

The revised Investment Policy was previously published in the invitation to the shareholders on 9 October 2009.

For more information please contact:
VietNam Holding Asset Management Limited
Gyentsen Zatul	Telephone: [phone]
- Investor Relations
Grant Thornton Corporate Finance
Philip J Secrett	Telephone: [phone]
- Nominated Adviser
JPMorgan Cazenove Limited
Angus Gordon Lennox	Telephone: [phone]
- Broker

About VietNam Holding Limited:

VIETNAM HOLDING LIMITED (AIM: VNH) is an investment company incorporated in the Cayman Islands with a large base of Swiss investors. Its shares are traded on the AIM Market of the London Stock Exchange. VNH's investment objective is to achieve long-term capital appreciation by way of a diversified portfolio of companies in Vietnam, or with a significant portion of their operations in Vietnam. The goal is to invest in companies that have high growth potential at an attractive valuation and which promote sustainability through their commitment to environmental, social and governance sensitivity and management. For more information, please visit VNH's website at www.vietnamholding.com.

 

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