Demand for Vietnamese real estate fuels $204.8M AIM float for VinaLand Limited
23 March 2006
LG, the London-based business law firm, has advised new client VinaLand Limited ("VinaLand") on its admission to AIM. Trading in VinaLand's shares commenced yesterday, 22 March 2006, giving the company an initial market capitalization at the issue price of approximately $204.8 million.
VinaLand Limited is a newly incorporated company created to engage in property investment and development in Vietnam and surrounding Asian countries. It will operate initially in five property sectors: office, retail, residential, industrial and leisure with a primary focus on Ho Chi Minh City and a secondary focus on Hanoi and key leisure areas in Vietnam.
Corporate finance partner Nick Heather led the LG team advising VinaLand which included John Reed as lead associate and Troy Keily
Nick said: ""Recent developments in real estate regulation in Vietnam – coupled with other market drivers – have resulted in attractive investment opportunities in the region which VinaLand is well positioned to capture. We're excited to be involved in this project and look forward to assisting in the company's future growth."
Grant Thornton acted as nominated adviser to VinaLand and LCF Edmond de Rothschild Securities Limited was broker. Vietnamese legal advise was provided to VinaLand by Baker & McKenzie Vietnam LLP, while Maples and Calder provided Cayman Islands law advice. Faegre & Benson LLP were lawyers for the nominated adviser.
Notes to editors
- Lawrence Graham LLP is a London-based corporate law firm which has advised on over 150 AIM transactions raising in excess of £1 billion.
- With over 270 lawyers, LG offers growth companies, institutions and individuals business solutions based on commercial and practical advice.
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Nick Heather
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