Vietnam Infrastructure to purchase and cancel portfolio shares

Vietnam Infrastructure announced its decision to compulsorily repurchase and cancel all of its outstanding Listed Portfolio Shares on AIM.

The purchase would take place on 17 August, the company said in a statement, with trading to be suspended on 15 August and cancellations effective from 18 August.

The closed-end fund was launched in July 2007 and focuses on investing on key strategic infrastructure and infrastructure-related assets in Vietnam, aiming for some medium-term capital gains together with some recurring income.

On 12 July the company reported a 6.53% month-on-month rise in the net asset value of its listed portfolio shares (VNIL) to reach $0.3571.

Its private equity shares (VNI) on the other lost 11.21% of their net asset value month-on-month to hit $0.2409.