Mekong Capital has announced that the Mekong Enterprise Fund II, Ltd. (MEF II) has completed an investment of 5 million USD in Digiworld Corporation.
This is the eighth investment of the Fund, which was launched in June 2006.
According to Chris Freund, Managing Partner of Mekong Capital, Vietnam’s IT products market has experienced impressive growth over recent years, and has strong long-term development potential. Digiworld is a leading distributor with an extensive distribution network and 10 years experience in the industry.
“We are excited about the Fund’s investment in the Company and we believe Digiworld, with its professional and systematic operations, and strategic vision, will not only maintain its well-established position but also continue to capture market share in Vietnam’s IT distribution market,” Freund said in a statement issued on December 3.
Earlier, MEF II invested a combined capital of up to 33.75 million USD in seven other companies in Vietnam.
Launched in June 2006, the 50 million USD Mekong Enterprise Fund II focuses on well-managed and fast-growing private companies to help them prepare for successful listing on the stock market.
Source: VNA
Thursday, December 4, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment