Strategic Review and Net Asset Value Update
28 10월 2008 - 5:00PM
UK Regulatory
RNS Number : 7895G
SGL Vietnam Development Limited
28 October 2008
SGL Vietnam Development Limited (the 'Company')
Strategic Review and Net Asset Value Update
Further to the Company's announcement on 15 August 2008, the Directors wish to provide an update to shareholders on the current status
of its strategic review.
Ongoing discussions are being held internally and with the Company's largest shareholders. The Directors are seeking to progress matters
as quickly as possible.
Should a realisation of the Company's assets and a return of these funds to shareholders be deemed the most appropriate route, the
Directors will seek to effect this via a process which would be subject to shareholder approval at an Extraordinary General Meeting.
The Company's unaudited net asset value as at 30 September 2008 was US$2.59 per share (31 July 2008: $2.60 per share, 30 June: $2.61 per
share) and at that date had cash balances of approximately $27.7 million.
For further information, please contact:
Collins Stewart
Adrian Hadden, Stewart Wallace: +44 (0)20 7523 8350
This information is provided by RNS
The company news service from the London Stock Exchange
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