SAM-Corporate-Advisory-Preso-v1_05x - Saigon Asset ...

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Nov 18, 2013 (3 years and 10 months ago)

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Saigon Asset Management

Corporate Presentation

September 2012

2

About Saigon Asset Management (SAM)


Established in 2007, Cayman Islands limited
liability company


Fund management and advisory services for Vietnam and the
Indochina region


Fund Management:


Vietnam Equity Holding (VEH): US$75m Frankfurt
-
listed fund, listed and private equity in Vietnam


Vietnam Property Holding (VPH): US$50m
Frankfurt
-
listed fund, real estate companies and
projects in Vietnam


Indochina Energy Holding (IEH): fund raising,
power plants in Vietnam, Laos, and Cambodia


Funan

Impact Investment Holding (FIH): fund
raising, agriculture for Vietnam, Laos, Cambodia,
and Myanmar


Advisory:


Private placements, convertible bonds, equity
capital, bridge financing, M&A, post merger
integration


Focus on Vietnam’s rising demand for foreign
financing due to the slow down of credit and equity
growth



Offices in Vietnam, Lao

PDR, and USA


25 employees

3

Best Performing Vietnam
-
Focused Equity Fund In 2008*

Vietnam Equity Holding (VEH)
-

Overview

Portfolio By Asset Allocation

(as
of March
31
st

2012)

Portfolio By Sector

(as of

March 31
st
2012)

(*): per LCF Rothschild


Initial
Asset Value: US$75 million



Structure
: Closed
-
end fund listed on Frankfurt
Stock Exchange and Xetra


Fund Launch
: November 30, 2007


Investment Objective
: To maximize capital
appreciation by investing in promising listed,
pre
-
listed, and private companies in Vietnam


Strategy
:
Invest
in small and mid cap domestic
demand oriented companies that benefit from
the emergence of Vietnam’s middle
class


Performance:


Outperformed all peers since inception


Outperformed Vietnam Index, MSCI EM
and MSCI FM since inception


Best performing Vietnam equity fund in
2008 (*)

4





Development Investment &
Construction Group (DIG)


Listed Investment

US$6.3 million



Nov 07





Dong
Phu

Rubber (DPR)



Listed Investment

US$3.0 million



Jun 08





Ampharco

Pharmaceutical
(AMP)


Private Equity Investment

US$3.0 million



Jun 08

Vietnam Equity Holding


Track Record (1)





FPT Corp (FPT)



Listed Investment

US$10.3 million



Apr 09





Petro Vietnam Fertilizer &
Chemicals (DPM)


Listed Investment

US$8.2 million



Oct 08





Phu

My Bridge Corp (PMC)



Private Equity Investment

US$7.5 million



Jun 08





Bank of Foreign Trade for
Vietnam (VCB)


Listed Investment

US$7.5 million



Dec 07





Vietnam Dairy Products
(VNM)


Listed Investment

US$7.1 million



Jan 09





Saigon Beer Alcohol
Beverage Corp


OTC Investment

US$6.6 million



Jan 08





Saigon
Thuong

Tin
Commercial Bank (STB)


Listed Investment

US$6.4 million



Nov 07





Hoa

Phat

Group (HPG)



Listed Investment

US$5.5 million



Oct 08





Hau

Giang

Pharmaceutical
(DHG)


Listed Investment

US$5.0 million



Sep 08





Petro Vietnam Drilling &
Well Services (PVD)


Listed Investment

US$5.0 million



Sep 08





Phu

Nhuan

Jewelry (PNJ)



Listed Investment

US$4.0 million



Jul 09





Petro Vietnam Insurance
(PVI)


Listed Investment

US$2.9 million



Sep 08





Vinh

Son Song
Hinh

Hydropower (VSH)


Listed Investment

US$2.9 million



Jan 09





ELCOM Corp (ELC)



Listed Investment

US$2.5 million



Dec 10





Dabaco

Corp (DBC)



Listed Investment

US$2.4 million



Jun 11

5

Vietnam Equity
Holding


Track Record (2)





Hoa

Sen

Group (HSG)



Listed Investment

US$2.0 million



Sep 08





Phuong Nam Seafood
(PNS)


Listed Investment

US$2.0 million



Dec 07





Vietnam Tanker Company
(VTO)


Listed Investment

US$2.3 million



Jul 08





Pha

Lai Thermal Power
Company (PPC)


Listed Investment

US$2.1 million



Oct 08





JV Medical Equipment
(JVC)


Listed Investment

US$2.1 million



Nov 11





Saigon Plastic Packaging
(SPP)


Listed Investment

US$2.0 million



Feb 11





Lam Son Sugar (LSS)



Listed Investment

US$1.6 million



Feb 12





NBB Investment Corp
(NBB)


Listed Investment

US$1.4 million



Feb 10





Becamex

IJC (IJC)



Listed Investment

US$1.4 million



Nov 11





Danang

Rubber (DRC)



Listed Investment

US$0.9 million



Feb 12





Drilling Mud JSC (PVC)



Listed Investment

US$0.8 million



Jan 12





Petro Vietnam Engineering
(PVE)


Listed Investment

US$0.8 million



Jul 11





An
Phu

Irradiation (APC)



Listed Investment

US$0.7 million



Nov 11





Tan
Cang

Logistics (TCL)



Listed Investment

US$0.6 million



Oct 11





OPC Pharmaceutical
(OPC)


Listed Investment

US$0.2 million



Nov 11





Military Commercial Bank
(MBB)


Listed Investment

US$1.4 million



Jul 12

6

Vietnam Property Holding (VPH)
-

Overview

Portfolio By Asset Allocation

(as of

March 31
st
2012)

Best Performing Vietnam
-
Focused Real Estate Fund In 2009*

Portfolio
By Sector
(as of

March 31
st
2012)


Initial Asset Value: US$50 million



Structure:
Closed
-
end fund listed on
Frankfurt Stock Exchange and Xetra


Fund Launch
: November 30, 2007


Investment Objective
:
To
maximize capital
appreciation by investing in a diversified
portfolio of real estate projects and
companies in Vietnam


Strategy
:
Identify
and invest in small & mid
cap property development companies with
strong fundamentals, large cleared land
banks for affordable residential or low cost
housing in key metropolitan cities


trading
at a substantial discount (minimum 50%) to
book value


(*): per LCF Rothschild

7

Vietnam
Property Holding


Track Record





Phu

My Bridge Corp (PMC)



Private Equity Investment

US$6.1 million



May 08





Mo Plaza



Real Estate Investment

US$3.1 million



May 08





Savimex

(SAV)



Listed Investment

US$2.1 million



Nov 08





Century 21 Company (C21)



Listed Investment

US$5.1 million



Dec 10





NBB Investment Corp
(NBB)


Listed Investment

US$8.7 million



Nov 09





Thanh

Nien

Corp



Mezzanine Debt

US$4.7 million



Dec 08





Tamexim



Mezzanine Debt

US$6.5 million



Oct 09





No. 2 Industrial Urban
Development JSC (D2D


Listed Investment

US$3.0 million



Jun 10





Tien

Sa Villas



Real Estate Investment

US$2.6 million



Apr 08





Construction & Materials
Trading Company (CNT)


Listed Investment

US$2.1 million



Aug 09





Dream House Mekong
(DHMC)


Private Equity Investment

US$0.6 million



May 08





Song Hong Construction
(ICG)


Listed Investment

US$0.3 million



Jun 11

8

Indochina Power Sector Opportunity

13654

8853

8185

2875

2455

2079

799

233

113

0
5,000
10,000
15,000
United
States
Rep of
Korea
Singapore
World
China
Thailand
Vietnam
Laos
Cambodia
Vietnam’s
developing
neighbours, China
and Thailand,
consume close to 3x
Vietnam’s electricity
per capita and more
than 10x that of Lao
and Cambodia


indicating near term
growth in Indochina

Indochina Energy
Holding (IEH)


Overview

(*): per World Bank

Regional Growth


GDP growth in Vietnam, Lao PDR, and Cambodia projected to be over
7% annually over the next decade


Population demographics, urbanization,
industrialisation trends
and
young demographics in a region of more than 110 million population


Regional Demand


Electricity supply needs to grow at 2


2.5x GDP to keep pace with
GDP growth


Vietnam requires an energy investment of US $49 billion by 2020 to
keep pace with demand; Lao will require $36 billion to develop its
hydro resources by 2030; Cambodia $20 billion by 2030


Undersupply as demonstrated by frequent blackouts in Vietnam and
Cambodia with
manufacturing and industry reliance on backup diesel
generation in Vietnam and for base supply in Cambodia


Regional Integration and Regulatory Reform


Integration of the region’s power grid creating investment opportunities


Tri
-
Country Agreement signed in 2010


Market mechanisms and deregulation initiated to support the increased
reliance upon private capital for massive electricity growth demands


Private Capital

̶
Private capital mobilisation for the power sector is both necessary and
inevitable

̶
T
here remains an ‘early entrant’ opportunity in the power sector


̶
Limited access to information and existing owners create high barrier of
entry to investments in the sector

9

SAM
will
provide extensive local market knowledge and access


Indochina Energy Holding is seeking
to capture US$400


500 million of investment
opportunities arising from reduction of state control in the power industry and fast
growing energy demand in the Indochina region based on its
investment mandate
which includes minority stakes of Vietnamese, Lao and Cambodian:


SOE divestitures of power projects


Distressed IPP projects


Equity interest in power companies


Direct interest in
brownfield

“shovel ready” hydro and gas power projects


SAM holds
strategic relationship
with key bodies: Electricity of Vietnam (EVN) and
PetroVietnam

(PVN)


Provides access to a
strong identified pipeline of over 2,000MW hydro and gas
power assets
as investment targets, with investment priority for
brownfield

“shovel
ready” hydro projects

Indochina Energy
Holding (IEH)


Overview

Funan

Impact Investment Holding (FIH)


Overview

Saigon Asset Management (SAM)

is establishing
Funan

Impact Investment Holding (“the Fund”)


unique
to the Greater Mekong Subregion (GMS*). Impact investment


investing in both social and financial return


has been characterized by the Monitor Institute as an “emerging industry” and by J.P. Morgan as an
“emerging asset class”.

The Fund’s focus
is in “inclusive business” opportunities in Vietnam, Lao PDR, Cambodia, Thailand and
Myanmar. These businesses serve and employ the Bottom of the Pyramid
-

lower middle income class of
consumers and employees. These individuals are at the core of economic growth potential in the GMS
-

having a cumulative purchasing power exceeding US$47 billion in Vietnam alone. The untapped potential
of businesses reaching these consumers is the focus of FIH.

The management team
comprises a core of seasoned private equity social impact investment individuals
from
Unitus

Impact
-

a San Francisco based firm, and SAM. FIH includes an experienced and dedicated
professional management team and associates in the countries of operation, based in HCMC.


The JV between UI and SAM is uniquely suited to manage FIH in an innovative collaboration:


Social Impact Commitment
and
Financial Return Capability
of the Senior Management Team


An
investment team comprised of leaders with extensive experience in impact, venture capital, and private
equity.


Recently completed an investment into a Vietnamese company
, a livelihood
-
focused mobile money
company in Vietnam, one of the first non
-
DFI backed livelihood impact investments in the region.


Regional Presence and Global Reach


Unparalleled team that includes UI’s leading impact investing
skill set, fund raising and execution capability with SAM’s proven investment & deal sourcing expertise,
& local knowledge.


Significant experience measuring social impact


Expertise in defining and tracking social metrics.

10

* The Greater Mekong Subregion is understood to include Vietnam, Lao PDR, Cambodia, Thailand, Myanmar and
Yunnan Province, PRC. For purposes of FIH, the FIH GMS mandate does not include Yunnan Province, PRC.)

Funan

Impact Investment Holding (FIH)


Overview

Investment Mandate


Impact investments globally and in the GMS
favour

business sectors that meet basic needs
(agriculture, water and low
-
cost housing) or supply basic services in education, health, energy and
financial services:


Agriculture



Farmers capture little value due to weak processing capacity, poor infrastructure,
weak supply chain and rudimentary techniques. Midstream opportunities exist through integration
and improved management and technical process.


Aquaculture



Growing/changing domestic & international demand & shortages due to poor
practices leave scope for technology & service aggregation improvements to move IB up the value
chain.


Healthcare



Effective care is concentrated in urban areas
-

rural communities rely on poorly run,
underfunded public facilities. Scope for investment in private clinics include operating hub & spoke
model to serve marginalized areas; and
tele
-
medicine & remote diagnostics.


Education



Instruction standards are poor leading to a lack of skilled & semi
-
skilled workers.
Opportunities exist for investment into private, for
-
profit school chains & vocational training.


Clean Energy


Rural off
-
grid electrification has vast potential from clean and local natural
resources. Investment into clean energy solutions spur productivity & economic potential.


Financial Services


Lending has declined post
-
financial crisis. There
are

opportunities to create
value with agricultural finance, crop insurance, micro
-
health insurance, & mobile banking
technology.

11

Building upon SAM’s strength in investment management and experience operating in
Vietnam, SAM Advisory’s strategic vision is to become the Choice of Advisor to leading
enterprises in Vietnam through the following contributions:


Work closely with clients on both crafting long
-
term development strategies and executing
tactical plans of clients where needed


Bridge and channel financial capital flows structured appropriately to clients’ needs for
their business developments


Advise and create an “ecosystem” structure (strategic partners, financial partners,
suppliers, customers, etc.) necessary for clients’ business operations


SAM Advisory is highly committed to deal success by providing clients’ the best in:


Choice of capital resources


Creative financial solutions


Experienced advisory team


Professional advisory process

12

SAM Advisory


Overview

Advisory Services

Corporate & Project Finance
: we are focused
mainly on raising capital for clients through
providing a variety of financial products
including Equity Offerings, Debt Issuances and
Hybrid.


Equity Capital Market


Debt Capital Market


Structured Finance


Hybrid Products (equity and debt combined)


Project Finance


IPO

Mergers & Acquisitions
: we provide advisory
and financing services to Mergers &
Acquisitions transactions


Mergers & Acquisitions Advisory


Mergers & Acquisitions Financing

13

SAM Advisory


Overview

Supporting Services
: in selective cases, our
supporting services will be offered to bring
extra values to clients upon request.


Underwriting


Bridge Loan


Syndicate Loan Leader and Arranger


Financial Restructuring


Valuation


Legal Advisory


Corporate Strategic Advisory


Market Entry

Background
: 18 years after the reactivation of trade and 11 years after the ratification of the bilateral trade
agreement, Vietnamese companies are still finding it difficult to penetrate and achieve success in the US
market. There is a need for a specialized advisor to guide Vietnamese companies through extensive US
regulations and requirements


SAM US Operations Mandate
:

To help Vietnamese local partners attain the tough compliance requirements of US government’s and
customers’ standards that will lead to greater market penetration.


Offerings
:


Provide one
-
stop advisory service for investment and trade channels in the US for local Vietnamese


Act as a US based partner and representative in trade & investment on behalf and in the interest of
Vietnamese companies looking to save the cost & time of running US offices. Specifically, some scope
of activities can be:


Sourcing products & services,


Organization of attendance of trade fairs,


Product quality assurance,


Shipment monitoring,


Dealing with claims or debt collections


Co
-
invest with potential investors in either the US or Vietnam.


Act as a local consultant in technology transfer, distribution, or franchising in Vietnam for US companies.

14

SAM US Operations


Founder & President


Caudex

Strategies Ltd., Vietnam based
property development, health and
education, natural resources
holding/investment advisory.


Active in emerging and frontier
markets for more than 20 years.


Led the acquisition economics of a
+$100mn mining sector bid in
Indochina.


Former Consultant
& Director


numerous World Bank, ADB, UN, and
government ODA projects in Asia,
Africa, and Eastern Europe.


Former Director


Indian telecoms,
energy & finance
linkage project with
Canadian firms.


Former Director


Office of the
President and Cabinet of Malawi
strategic budgeting and planning
project.


Former Director


agriculture grading,
standards, and financial receipts/
indemnification
project for
Government of
Romania.


Masters Degree in Economics,
University of Calgary.


Former Director &
A
dvisor
to Clinton
Hunter Initiative, UNICEF, and
Canadian Association of Business
Economists
.


Former Managing Director


VinaCapital
, a fund
management company based in
Ho Chi Minh City, Vietnam.


Founding General Partner


IDG
Ventures Vietnam, a fund
management company based
Ho Chi Minh City, Vietnam.


Former Vice President


Intelligent Capital, an M&A firm
based in San Francisco,
California.


Former Partner


Osprey
Ventures, a venture capital firm
based in Menlo Park, California.


Held management positions in
finance and manufacturing
operations at NEC and Apple
Computers in California.


Audit and Management
Consulting experience at KPMG
in San Jose, California.


Member of the board of directors
of various listed and private
companies based in Vietnam.


BS in Accounting, San Jose
State University, California
.

15

Management

Louis Nguyen

Chairman & Chief
Executive Officer

Peter Dinning

Managing
Director

Real Estate Investments


General Director & Majority
Owner


Colliers International
(Vietnam), manages $1B of
real estate assets in Ho Chi
Minh City & Hanoi.


Managing Director


VinaCapital

Real Estate,
managing the property
investments and developments
made on behalf of Vietnam
Opportunity Fund (VOF) &
Vinaland (VNL).


Managing Director


CBB of
Chesterton Philippines Ltd.


Director & Chief
Representative


Chesterton
Petty (Vietnam ) Ltd.


MRICS Surveyor,
(ISVA now
RICS), Manchester Central
College, UK .


HND Land Use (Estate
Management), Newcastle
Polytechnic (now Northumbria
University), UK
.


Over 16 years of experience in
Vietnam’s resource sector, in both
mining and petroleum.


Founder
, Former CFO
& Director


Tiberon

Minerals, a TSE listed
mining exploration company that
discovered Vietnam’s Nui Phao
tungsten deposit, later acquired by
an Asian
-
based investment fund for
US$270 million.


Founder
&
Former Director


Keeper
Resources, a TSXV listed company
with two oil & gas properties in
Vietnam, later acquired by an Asian
-
based investment fund for US$60
million.


Advisory
Board Member


Sunshine
Oil Sands, a
Hong Kong listed
Canadian
oil sands company with
5
billion bbls of contingent resources.


MBA in Finance, University of
Calgary
.

Kevin Flaherty

Managing Director

Energy & Natural
Resources Investments

Antony Nezic

Managing Director

Impact & Agriculture
Investments


Over 20 years of capital market
experience investing in a wide range
of asset classes throughout Asia.


Co
-
Founder & Managing Partner


D2
Capital Partners, an investment &
advisory partnership operating in
Vietnam and active throughout the
region.


Founding CEO


TVS, a start
-
up
investment bank in Vietnam that
completed a number of key deals
including the first investment by
Goldman Sachs Principle Investment
division into Vietnam, the entry of VIG
into Galaxy Media group, and the first
hostile takeover of a listed company in
Vietnam.


Former Managing Director


Merrill
Lynch Asia Pacific.


Former Chief Regional Strategist


Merrill Lynch Asia Pacific.


Former Country Head of Taiwan


Merrill Lynch Asia Pacific.


Former Associate Director


AIB
Govett
, managed a range of emerging
market assets and funds.


Former Investment Manager


Hambros Investment Bank, managed
investments in both large and small
cap Japanese companies.

16

Management

Spencer White

Advisor & Independent
Board Member

Hien Vu

Managing Director

USA
Operations

Hung Pham

Director

Investment Banking


Over
12 years
of
working
experience in the private
-
equity
investment, financial advisory,
and corporate operations
industries of Vietnam.


Founding Director & Former Head
of Advisory


ASEAN Merchant
Partners, a boutique financial
advisory firm providing corporate
finance and M&A advisory to
leading Vietnamese companies
and projects.


Former Senior Investment
Manager of Private Equity
Investments


Indochina Capital
Corporation, a fund management
company operating in Vietnam.


MBA in Finance, California State
University, Fullerton.


BS in Business Administration,
Ho Chi Minh City University.


Fluent in English and
Vietnamese.

Eric
Schaer

Managing Director

Advisory Services


Founding Director


Adastra, a
Spain
-
based software testing and
development outsourcing firm that
has performed projects for ACS
-
Xerox,
Telefonica
, Orange, GSK, GE
Money.


Director


Rising Dragon Trading, a
Singapore Advisory firm that assists
companies entering Myanmar.


Former Director


Falcon Capital, a
private investment and consulting
firm specializing in financing &
acquisitions of software services and
development firms.


Founder of a technical consulting
firm providing professional services
to private and military sectors
throughout the US, Latin America,
and Europe. It was later acquired by
a private investment group based in
Connecticut, USA.


Former Chairman


Latin American
Chapter of International Association
of Outsourcing Professionals,
Former Member

-

Microsoft Advisory
Council, Former Board Member


COMDEX Latin America.


Fluent in English and Spanish.


Over 10
-
years of on
-
the
-
ground
experience in Vietnam real estate
including development,
consultancy, research, and
valuation.


Former Managing Director


CitiPlus

Corporation.


Instrumental in the creation of
Corporate Services and
Investment Properties Divisions at
CB Richard Ellis (CBRE).


Former Client Manager


Calyon

Corporate & Investment Bank
where he was in charge of
financial analysis, project
-
based
financing, loan appraisal, and
marketing of the bank’s facilities
and services to multinational
clients.


Masters Degree in Real Estate
Development and Investment,
University of Greenwich (London).


Fluent in English and
Vietnamese.

17

Howard Golden

Independent Director


Chairman


The Worldwide Opportunity
Fund (WWOF).


Partner


Terra Partners Group, an
investment management company with
$135 million AUM.


Chairman


Romanian Investment Fund
and Reconstruction Capital II.


Former Chairman


Kazakhstan
Investment Fund.


Former Chairman


the Supervisory
Board of Slovak RIF, the largest Slovak
closed
-

end fund, the Slovak Restitution
Investment Fund.


Former Board Member


Beta Vietnam
Fund and
Framlington

Bulgaria Fund.


Lectured on closed
-
end funds in London
and Prague and at various business
schools (Harvard University, University
of Chicago).


Quoted as an expert in capital markets
and corporate governance in The
Economist, The Financial Times, The
New York Times, The International
Herald Tribune, Newsweek, Prague
Business Journal, and Business Central
Europe.


Practiced law in Chicago, New York and
Israel.


BA, JD, and MBA from University of
Wisconsin.


Fluent in English and Hebrew,
knowledgeable in Czech.


Director


Durant, a private investment
fund.


Director & Chairman, Audit & Risk
Committee


The Foresters Friendly
Society, a British mutual insurance
company.


Finance & Performance Committee


The
Royal United Services Institute, a defense
and security think
-
tank.


Former Chief Operating Officer


Tribune
Capital Partners, investment management
of a media sector focused venture fund.


Former Director


PricewaterhouseCoopers in London,
consulting to

the financial services sector,
developed investment banking strategies,
evaluated acquisitions including deal
structure, forensic due diligence and
restructuring strategies. Contributor to the
redesign of PwC’s audit methodology
used globally.


Founder


Vagneur
& Firth, Certified
Public Accountants, Colorado.


Developed

courses in strategy
implementation and management control,
corporate governance and internal
governance at London Business School
and

Edinburgh Business School.


Built a financial decision model for US
Department of Justice while at Carnegie
-
Mellon University.


PhD in Management, London Business
School.

Kathryn
Vagneur

Independent Director

VEH and VPH Board of Directors

Louis Nguyen

Executive Director


Former Managing Director


VinaCapital, a fund management
company based in Ho Chi Minh City,
Vietnam.


Founding General Partner


IDG
Ventures Vietnam, a fund
management company based Ho
Chi Minh City, Vietnam.


Former Vice President


Intelligent
Capital, an M&A firm based in San
Francisco, California.


Former Partner


Osprey Ventures,
a venture capital firm based in Menlo
Park, California.


Held management positions in
finance and manufacturing
operations at NEC and Apple
Computers in California.


Audit and management consulting
experience at KPMG in San Jose,
California.


Member of the board of directors of
various listed and private companies
based in Vietnam.


BS in Accounting, San Jose State
University, California.


Fluent in English and Vietnamese.

Dr. Lee G. Lam

Independent Director


Chairman


Hong Kong, Chairman


Vietnam and,
Senior Advisor


Asia, of Macquarie Capital Advisers (the
investment banking business of Macquarie Capital).


Chairman


VinaSecurities
(HCMC, Vietnam)


Former Managing Director, COO, & Vice Chairman,
Investment Banking Division


Bank of China
International Holdings.


Former President

and

CEO,

Vice Chairman of the Board


Chia
Tai Enterprises International Ltd. (CP Group).


Former Executive Director


Singapore Technologies
Telemedia
.


Former President and CEO


Millicom
International
Cellular Asia Pacific.


Former Managing Partner


Greater China, A.T.
Kearney.


Former General Manager


Cable & Wireless/Hong Kong
Telecom.


BS in sciences and mathematics, MS in systems
science, MBA
-

University of Ottawa (Canada); post
-
graduate in public administration
-

Carleton University
(Canada); post
-
graduate in English, Hong Kong Law,
and LLB (
Hons
) in law
-

Manchester Metropolitan
University (UK); LLM in law
-

University of
Wolverhampton

(UK); PCLL in law
-

City University of
Hong Kong; Certificate in professional accountancy


Chinese University of Hong Kong SCS; and PhD
-

University of Hong Kong.


Board Member of the East
-
West Center Foundation.


Fellow of the Hong Kong Institute of Directors.


Member of the General Council and the Corporate
Governance Committee of the Chamber of Hong Kong
Listed Companies.


Vice President


Hong Kong Association for the
Advancement of Real Estate and Construction
Technology.


Founding Board Member and the Honorary Treasurer of
the Hong Kong
-
Vietnam Chamber of Commerce.


Fluent in English, Mandarin, Cantonese, and
Vietnamese.

18

Advisors

Markus Winkler

Mark
Pedretti

Desmond Lin


Founder and President of VGZ
Vermoegensverwaltungs
-
Gesellschaft

Zurich, a Swiss wealth management
company.


Founder
-
member and former Vice
-
President
of the Swiss Association of Asset Managers
and member of its Ethics Committee for the
last 20
-
years.


Founder
-
member and Board member of the
Swiss Investors’ Association for the last 10
years.


Regular lecturer and writer on investment
matters.


Member of several advisory and supervisory
boards of Dublin, Frankfurt / Xetra and
London listed funds investing in Asian and
Eastern European emerging markets.


Advised several Vietnam funds regarding
positioning, structuring and fund raising.


Studied Law at the University of Zurich, and
Economics and Banking at the University of
St. Gall (HSG).


Chairman of the Private Equity Group and
Deputy Managing Partner of Reed Smith's New
York office.


Representative for private equity funds, venture
capital funds, corporate venture funds, and
start
-
up companies, concentrating

in corporate
structuring and investing in various types of
complex private equity transactions.


Areas of practice: private equity, mergers

and
acquisitions, securities, transactional
intellectual property, public mergers,
acquisitions and divestitures, recapitalizations
and management buyouts, particularly in the
financial services, media and
telecommunications, software and technology,
real estate, health care, apparel and
entertainment industries.


Extensive capital markets experience,
representing both issuers and investors in
public offerings and private placements as well
as in joint ventures, strategic alliances, and
license arrangements.


Author of various articles on securities law and
mergers and acquisitions.


Senior Advisor


HD Bank Board of Directors


Vice
Chairman of How Yu Construction

and
Development Group.


Independent
Board Director of
DreamHouse

Saigon Investment Group (Listed code: DRH).


Inspection Board Member


Phu

My Bridge
Investment Company Board.



Former Managing Director
-

Saigon Asset
Management, Real Estate Investments.


Former Managing
Director
-

GrandFord

Venture
Capital, an investment fund based in Vietnam and
Taiwan.


17+
years of on
-
the
-
ground experience in Vietnam.


Former CEO
-

Momentum Information Technology
Vietnam, a service provider for core banking and
payment systems.


Former Deputy
General Director at various
landmark projects and joint ventures in Vietnam
including


the Legend Hotel, Saigon Riverside
Office Building,
HaiThanh

Kotobuki,
FeiYei
,
Dat

Viet.


Senior management positions at
Hallyard

Resort,
Peito

and
WuLai

Taiwan, and How Yu Construction
Corporation.


MBA, University of Southern California.


BS in Finance, University of Oregon.


Fluent in English, Cantonese, Mandarin, and
Vietnamese.

This

document

was

prepared

by

Saigon

Asset

Management

Corporation

(SAM)

and

is

for

informational

purpose

only

and

does

not

constitute

or

form

part

of,

and

should

not

be

construed

as,

any

offer,

inducement

or

an

invitation

to

sell,

acquire

or

issue,

or

any

solicitation

of

any

offer

to

purchase

or

subscribe

for,

any

shares

or

securities,

including

any

ordinary

shares,

in

Vietnam

Property

Holding

or

Vietnam

Equity

Holding

in

any

jurisdiction
.



No

undertaking,

representation,

warranty

or

other

assurance,

express

or

implied,

is

made

by

either

SAM

or

any

other

person,

in

relation

thereto
.

Any

statements

that

express

or

involve

discussions

with

respect

to

predictions,

expectations,

beliefs,

plans,

projections,

objectives,

goals,

assumptions

or

future

events

or

performance

are

not

statements

of

historical

fact

and

may

be

"forward

looking

statements
.
"



Forward

looking

statements

are

based

on

expectations,

estimates

and

projections

at

the

time

the

statements

are

made

that

involve

a

number

of

risks

and

uncertainties

which

could

cause

actual

results

or

events

to

differ

materially

from

those

presently

anticipated
.

All

information

is

based

on

data

obtained

from

sources

we

believe

to

be

reliable,

but

is

not

guaranteed

as

to

accuracy

and

does

not

purport

to

be

complete
.

SAM

has

not

made

any

independent

verification

of

any

such

information

and

makes

no

implied

or

express

warranties

on

the

information

provided
.

SAM

does

not

guarantee

the

accurateness

and

completeness

of

statements

made

herein
.

Any

opinions

expressed

herein

are

subject

to

change

at

any

time

without

notice
.

19

Contact us

Saigon
Asset Management (SAM)

Email:
IR@saigonam.com

Website: www.saigonam.com



Vietnam:

TMS Building, 12
th

Floor

172
Hai

Ba

Trung
, District 1

Ho Chi Minh City,
Vietnam

Tel: + 84
-
8
-
5404
-
3488

Fax:+ 84
-
8
-
5404
-
3487

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Mixay

Chanthaboury

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PDR

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6689

USA:

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800 Town & Country Blvd

Houston, TX, USA

Tel: + 1
-
832
-
431
-
3002

Fax: + 1
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832
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431
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3669