The London-Headquartered Lion Capital and the Hongkong-based Grandford International Promotions Ltd. on July 10 signed a business contract to co-establish funds mostly for real estates development and stock exchange.

The potential funds will have a designed capital of US $100 million each and also help in State-owned enterprises (SOEs) equitisation and be in support of the private economic sector.

Lion Capital Vietnam Fund General Manager Bui Cong Giang said they are looking for projects on industrial parks in key economic zones, marts, new metropolis in Hanoi and HCM City, bridges, hotels and resorts.

Lion Capital, which has made investment of EUR 2 billion in companies over Europe, received a licence for securities transaction in Vietnam since late 2006 while GrandFord has had long-time Asian experiences in property development, building over 500 bridges in the continent. (VNA)

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