PROJECT

Projects

Summary of Investment Information

Project Number

36586

Company Name

VISION INVESTMENTS LIMITED

Date SPI Disclosed

Sep 24, 2015

Country

Fiji

Region

East Asia and the Pacific

Projected Board Date

Oct 26, 2015

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry - MAS Asia & Pac

Industry

Tourism, Retail and Property

Previous Events

Approved : Oct 14, 2015
Signed : Dec 8, 2015
Invested : Feb 16, 2016

Sector

Retail (Including Supermarkets, Grocery Stores, etc.)

Project Description

Vision Investments Limited (formerly Courts (Fiji) Limited, hereinafter “VIL” or the “Company”) is a leading retail company distributing consumer electronics, furniture and durable home goods in Fiji. VIL has a strong presence in Fiji with 25 stores covering all major cities. After acquiring and merging with its three sister companies under the umbrella of Vision Group Limited (the “Sponsor”), namely, Vision Motors Limited (an automotive dealer), Mahogany Industries (Fiji) Limited (a wooden furniture manufacturer) and Vision Finance Limited (provider of guarantees for consumer finance loans and extended warranties extended by VIL), VIL is proposing to undertake a Private Placement, which will be followed by a Compliance Listing (“CL”)on the South Pacific Stock Exchange (“SPSE”) (the “Project”). The Project is expected to improve the Company’s access to the capital market and provide liquidity for the shareholders.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation