Ho Chi Minh City Infrastructure Investment JSC (CII) was founded by the end of 2001 as an instrument for the Ho Chi Minh City People’s Committee to fundraise from private sources to invest in infrastructure developments. The company originally had three founding shareholders: the Ho Chi Minh City Investment Fund for Urban Development (HFIU) – now known as the Ho Chi Minh City State Financial Investment Company (HFIC), the Ho Chi Minh City Voluntary Youth Production Trading and Services Company (VYC) and the Ho Chi Minh City Investment and Services JSC (INVESCO).

CII was listed on the Ho Chi Minh City Stock Exchange on May 18, 2006, with the initial charter capital of 300 billion dong (~15M USD). As of quarter 1 2016, CII has increased its charter capital to 2,602 billion dong (~115M USD). The Company has also been selected into the “top 30” stock basket on HOSE, which includes companies with the largest market capitalization on the stock exchange.

CII has a long history of successful fundraising. In 2011, the Company issued $US 40 million convertible bonds to Goldman Sachs. In 2012, Ayala invested $US 21M for 49% of CII Water, and $US 14M for 10% of CII. 2 years after, in 2015, another Filipino company – Metro Pacific Tollway Corporation (MPTC) – purchased a mix of $US 75M of shares and convertible bonds in CII Bridge and Road, a CII subsidiary.

In 2013, after 12 years in operation, CII realized its existing operating model is no longer appropriate and subsequently implement a restructuring process. This process has resulted in CII becoming a Holdings company managing 5 subsidiaries, each prioritized in one of the following sectors: bridges and roads, water, construction, real estate, and services. These subsidiaries will invest and manage projects that follow its area of expertise.

Overall, over the past 15 years, CII has fulfilled its mission, making significant contributions to the privatization of infrastructure development. Besides successfully developing several prominent projects that define the landscape of HCMC and the surrounding areas, the Company has also actively secured` medium and long-term capital from a variety of private sources, including the stock market, foreign and local funds, and strategic partners.