LONDON, 27 April, 2010 – Panmure Gordon & Co. is pleased to announce that it has advised the Board of listed property fund, JSM Indochina Ltd, on a change of its investment strategy and return of capital, which was approved unanimously by shareholders today. JSM Indochina was established in 2007 as a property fund to invest in retail and residential properties primarily in the central urban districts of Indochina, including Vietnam and Cambodia.