Mekong Capital cashes in on investment arm
HCM CITY (VNS)— The Mekong Enterprises Fund II, which is managed by Mekong Capital, completed its sale of a 6.7 per cent stake in Mobile World Joint Stock Company, earning a huge income.
The transaction value was not disclosed but according to Mekong Capital, income from share sales plus the dividends received during six years of investment are 11 times higher than its initial investment value in 2007.
Mobile World JSC operates one of the biggest mobile phone retailing chains in Viet Nam. After the transaction, the fund’s holdings in the company declined from 32.5 per cent to 25.8 per cent. The fund’s annual cumulative growth rate stood at 45 per cent from 2008 to 2012.-VNS