Fram^ increases its stake in Carmudi Vietnam from 67% to 82.6%

Fram Skandinavien AB (the Company) announces that the company has increased its ownership interest in Carmudi Vietnam by netting off debt that has arisen in the form of operational financing to Carmudi Vietnam during previous periods.

With the net asset value calculations published in the Q4 report as a basis, today's increase in ownership in Carmudi corresponds to an increase of approx. +7 SEK net asset value per FRAM B share. The increase does not entail any obligation for the Company to contribute additional capital into Carmudi Vietnam, but instead constitutes only a conversion of previously contributed operational financing.

 

"It feels good to be able to expand our ownership in our most successful subsidiary. Furthermore, this creates space for us to expand the ownership of key people in the company - something we have communicated that we see as crucial for a longer period of time. ", says Christopher Beselin

 

This information is such that Fram Skandinavien AB (publ) is obliged to disclose in accordance with the EU Market Abuse Regulation (EU nr 596/2014). The information was provided, through the agency of the below contact person, at the time stated in this press release, by Bequoted.

For further information, please contact

Christopher Beselin, board member & acting CEO

Phone: + 84-34-71273 14

Email: [email protected]

 

Son Ngo, Finance Director

Phone: + 84-91-8157680

Email: [email protected]

 

Certified Adviser

Svensk Kapitalmarknadsgranskning AB (SKMG), +46 11 32 30 732, [email protected]

Briefly about Carmudi Vietnam

Carmudi is a leading online platform for car auctions, car ads and media in Vietnam.

 

Briefly about Fram ^

Fram^ is a listed investment company focused on the digital consumer, blockchain and other tech in Southeast Asia. The management group and board of Fram^ have over 75 years of joint experience of company building and investments, primarily in emerging markets. The company management's collective experience from global and regional leaders such as Kinnevik, Cevian Capital, McKinsey & Company, Rocket Internet, Ericsson, Lazada and Bima constitutes a multifaceted and necessary foundation for successfully investing in companies in emerging markets






Rättelse: Styrelseledamöterna Christopher Beselin och Philip Lindqvist ökar sina innehav i Fram Skandinavien

Rättelsen hänförs till felaktig referens till Marknadsmissbruksförordningen (MAR) som nu tagits bort i detta pressmeddelande.












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