An unknown buyer acquired 75% stake in Vina Properties Pte Ltd. from VinaLand Limited (AIM:VNL) for $16.1 million in cash on January 20, 2014. The proceeds will be utilized to fund future distributions to shareholders and ongoing operating costs of VinaLand group. Hiroshi Funaki and Andrew Davies of Edmond de Rothschild Securities acted as the broker, David Benda / Hugh Jonathan of Numis Securities Limited acted as the broker, Andrew Walton of FTI Consulting acted as the PR advisor and Chris de Puton of Jupiter Secretaries Limited acted as an advisor for VinaLand Limited. Philip Secrett of Grant Thornton UK LLP acted as the accountant for VinaLand Limited.

An unknown buyer completed the acquisition of 75% stake in Vina Properties Pte Ltd. from VinaLand Limited (AIM:VNL) on January 20, 2014.