Indochina CapitalÆs shareholders vote to close down equity fund

Vietnam is about to experience the first liquidation of a fund since the country opened its stock exchanges in 2000. Indochina Capital Vietnam Holdings, a unit of Ho Chi Minh City-based Indochina Capital Group, represents a closed-end Vietnam equities fund listed on the London Stock Exchange. The fund is managed by Indochina Capital Advisors. Its shareholders held an extraordinary general meeting yesterday to consider a proposal from its board of directors to split the shares, a move…