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SAM finalises deal with two local firms
The Cayman Islands-registered Saigon Asset Management Corporation (SAM) expects to maximize its potential following the finalising of its agreement with two local partners, Hanoi Fund Management and Thang Long Securities Company.
Hanoi Fund Management (GFM) will assist in the portfolio management of SAM’s Vietnam Equity Holding.
“This partnership will maximise the two sides’ potential and bring new value to SAM’s investors,” said Louis Nguyen, AM’s chairman and CEO.
SAM’s international experience and fundraising ability as well as SAM’s parent company, the joint-stock Military Bank, will help further the co-operative arrangement.
Thang Long Securities Co will provide financial investment services to SAM’s investors and partners.
The securities firm offers services, including brokerage, consultancy on mergers and acquisitions and corporate finance, as well as equity private placement.
“Foreign investors have a real demand in accessing Vietnam ’s stock market, and through our relationship, our shareholders and partners will be able to get trustworthy information and opportunities,” Louis said.
SAM, previously known as Anpha Capital Group, is managing two funds, Vietnam Equity Holding (VEH) and Vietnam Property Holding (VPH), which have a combined capital of 125 million USD. They are listed on Germany ’s Frankfurt and XETRA exchanges.
HFM, with the Military Bank Thang Long Securities as major holders, manages, apart from VEH, two other funds, Hanoi Fund and Vietnam Tiger and offers portfolio management to local and foreign investors.
By August, around 130 million USD was under HFM’s management.
Thang Long Securities, also an affiliate of the Military Bank, is one of the five top securities brokers in Vietnam.
VNA
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