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PXP Vietnam Fund, PXP Vietnam Emerging Equity Fund Merger to Close on 2 February.

MANews-(C)2009-2015

30 January 2015 - Cayman Islands-based investment companies PXP Vietnam Fund Ltd. and PXP Vietnam Emerging Equity Fund Ltd. will merge with effect from 2 February 2015, the companies said on Friday.

The board of directors of each of PXPVF and VEEF sent circulars to shareholders of the respective companies on 26 November 2014 and 5 December 2014 respectively which set out the proposal for a merger of PXPVF and VEEF.

Shareholders of PXPVF approved the merger by passing a special resolution at an extraordinary general meeting held on 17 December 2014 and the holders of management shares of VEEF approved the merger on the same date.

Accordingly the merger has been approved by the boards and voting shareholders of PXPVF and VEEF in accordance with the provisions of the Cayman Islands Companies Law (2013 Revision).

The Registrar of Companies of the Cayman Islands has issued a certificate of merger to confirm that the merger will be effective from 2 February 2015.

Share Exchange

As set out in the circulars, the surviving entity in the Merger is VEEF, and so VEEF shareholders continue to hold their participating shares on exactly the same terms as before.

PXP Vietnam Asset Management is a boutique investment manager which focuses solely on equity investment in Vietnam.

Country: USA

Sector: Banking/Financial Services

Target: PXP Vietnam Emerging Equity Fund Ltd

Buyer: PXP Vietnam Fund Ltd

Deal size in USD:

Type: Merger

Financing:

Status: Agreed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Geographic Code:5CAYM
Date:Jan 31, 2015
Words:244
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