Mekong Capital announced that the Mekong Enterprise Fund, Ltd. ("the Fund") has invested US$1,550,000 in Goldsun Joint Stock Company ("Goldsun"). This is the tenth investment of the Mekong Enterprise Fund, which was launched in April 2002. Goldsun is the Fund’s first investment in a company based in Hanoi.

Goldsun is a Hanoi-based company with two main business lines, (1) carton packaging and (2) kitchenware. The production for these two business lines is located in two separate nearby sites in Tu Liem District, Hanoi.

For its carton packaging business, Goldsun uses both flexography and offset printing technology to provide a complete range of cardboard cartons, thereby focusing on high-quality offset printed cartons, used for the packaging of consumer products such as consumer electronics, household and food products.

Goldsun manufactures and distributes metal kitchenware including gas stoves for retail, stainless steel pans and other kitchen utensils. Goldsun maintains a network of distributors throughout Vietnam, with a main focus on the Northern provinces, which accounted for 80% of its kitchenware sales in 2004. The company maintains branch offices in Danang and Ho Chi Minh City from where it manages its distributors in the Central and Southern provinces.

Goldsun Joint Stock Company is the result of a recent merger between Nhat Quang Ltd. (established in 1996) which owned the production facilities of both business lines, and Quang Vinh Ltd. (established in 1998) which owned the kitchenware sales and distribution network. The merger of these two companies is expected to result in significant synergies for the kitchenware business line.