vietnam-fund-tops-up-investment

Vietnam fund tops up investment

Mekong Enterprise Fund II invests up to $6.25 million in a manufacturing company in Vietnam

Lara Wozniak

January 08, 2007

Mekong Capital announced Friday January 5 that its fund, the Mekong Enterprise Fund II, will invest up to $6.25 million in Ngo Han Joint Stock Company, which is one of the largest manufacturers of magnet wire in Vietnam. The fund has already made an initial investment of $1.9 million and it expects to invest more after the law on the 30% limit on foreign ownership in unlisted companies has been clarified.

This is an ongoing relationship for Mekong Capital. Its original fund, Mekong Enterprise Fund Ltd, which it launched in 2002, originally invested $1.85 million in Ngo Han in early 2004. While many investors know Vietnam is hot, many struggle to find companies they...

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