Phu Nhuan Jewelry Joint Stock Co., a Vietnamese maker and retailer of jewelry, has raised approximately $12 million from the Vietnam Azalea Fund, which is managed by Mekong Capital.
Mekong Capital announced that Vietnam Azalea Fund Limited (“the Fund”) has invested approximately US$12 million in Phu Nhuan Jewelry Joint Stock Company (“PNJ”).
Ms Nguyen Thi Cuc, Vice General Director of PNJ said: “PNJ used to be a 100% state-owned company specializing in manufacturing, processing, importing and exporting jewelry. After its equitization in early 2004, the company has achieved great progress and become the leading jewelry retail company in
Ms Duong Do Quyen, Portfolio Manager of Vietnam Azalea Fund Limited said: “We are very excited about the Fund's investment in PNJ. The company has established itself as the leading jewelry retail company in
Phu Nhuan Jewelry Joint Stock Company
Established in 1988, Phu Nhuan Jewelry is the leading jewelry manufacturer in
Phu Nhuan Jewelry's revenue in 2007 was approximately $131.9 million. The Company is planning to increase its export revenue by 50% in 2008, focusing in the three new markets:
For more information about PNJ, please refer to website www.pnj.com.vn
Vietnam Azalea Fund Limited
Vietnam Azalea Fund Limited is a $100 million fund (at the first phrase) that focuses on investments in pre-listed equitized (privatized) companies in
The Fund's manager, Mekong Capital, works closely with investee companies to help them prepare for successful listings on a stock exchange.
The Investment Manager of Vietnam Azalea Fund is Mekong Capital Ltd. For more information on Mekong Capital, please visit the website www.mekongcapital.com.