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PRESS RELEASES: Vincom successfully raised U.S$40 million from the International market

12-07-2011

Vincom has entered into a U.S$40 million convertible loan with an interest rate of 6 percent per annum, for a term of eleven months, and being able to be converted into shares. Credit Suisse AG, Singapore Branch, is the Arranger of the transaction.

In 2009, Vincom JSC (VIC) issued US$100 million convertible bonds listed on the Singapore Stock Exchange with a five-year term. All these bonds were converted into shares or redeemed by Vincom in June, 2011.

It is the second time for Vincom to successfully mobilize funds from the International market. Vincom intends to use those funds to supplement for working capital.