US$4,500,000 Invested in Mobile World Joint Stock Company

Mekong Capital committed to invest up to US$4,500,000 in Mobile World Joint Stock Company (“Mobile World”). This is the third investment of the Fund, which was launched in June 2006.

 

Mr. Nguyen Duc Tai, the co-founder and Managing Director of Mobile World said: “After only 2 years of operation, Mobile World has been able to become one of the leading mobile phone retailers in Vietnam with around 20% market share in Ho Chi Minh City. Mobile World chose the Mekong Enterprise Fund II as a strategic partner thanks to the intangible added value that the Fund can offer. Mobile World has found a mutual understanding and trust while working with the Fund. The company believes that it will achieve the growth targets with the assistance from the Fund.”

 

Mr. Chris Freund, Managing Director of Mekong Capital said: “We are very excited about the Fund's investment in Mobile World. This is one of the most impressive companies we met in Vietnam in terms of the strategic vision of the senior management team, their ability to execute on their expansion plans and to rapidly make improvements within the company. Mobile World's management systems are substantially more systematic and advanced than most other companies we have met. In the fragmented yet fast-growing marketing for mobile phone retail in Vietnam, we expect Mobile World will continue to emerge as the leading player.”