Mekong Enterprise Fund Completes its Fourth Exit with Minh Phuc

On Feb 14, Mekong Capital announced that  the Mekong Enterprise Fund, Ltd. has fully completed the sale of its shares in Minh Phuc Printing and Packaging Company. Mekong Enterprise Fund’s shares were sold to a Vietnamese investor.

Since Mekong Enterprise Fund invested in Minh Phuc in November 2004, the Company has grown its net profit by continuously strengthening its production execution skills and the optimization of raw material cost management. As at December 2010, Minh Phuc achieved approximately US$10 million in revenues and US$1 million in net profit.

Dr. Thomas Lanyi, a Director of Mekong Capital, said: “We acknowledge Minh Phuc’s management team for leading Minh Phuc in a way that the company grew in  a stable way and achieved its targets in recent years. Minh Phuc is an example of strong operational efficiency and reliable performance. We are also pleased that this was a profitable investment for the Fund”.

Minh Phuc is a rapidly-growing Vietnamese company specializing in printing paper-based packaging. The company mainly supplies to the beer and tobacco industries, as well as other consumer goods sectors such as confectioneries and baked goods. In addition, the company also produces printed self-adhesive envelopes for corporate use.

Minh Phuc caters primarily to the domestic market, but the company also exports a small portion of its products to some countries in Asia and Middle East.

P.V