Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • Bitcoin USD

    63,760.07
    -741.29 (-1.15%)
     

  • CMC Crypto 200

    1,327.89
    -68.65 (-4.92%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • Dow

    38,239.66
    +153.86 (+0.40%)
     

  • Nasdaq

    15,927.90
    +316.14 (+2.03%)
     

  • Gold

    2,349.60
    +7.10 (+0.30%)
     

  • Crude Oil

    83.66
    +0.09 (+0.11%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

Wilmar International Establishes Vietnam Joint Venture Specialising In Condiments

Shares Investment

Wilmar International and Saigon Union of Trading Cooperatives (Saigon co-op) have announced the execution of a joint venture contract to establish Nam Duong International Foodstuff Corporation, a limited liability company to be incorporated in Vietnam specialising in the manufacture of sauces and condiments for both domestic and export markets.

Nam Duong International Foodstuff Corporation shall undertake a project with a total investment capital of VND577.2 billion (equivalent to US$25.6 million) to construct a new factory in Ho Chi Minh City which will take over the current operations of Saigon Co-op’s factory for the manufacture of sauces and condiments sold under the Nam Duong brand.

The group and Saigon Co-op will each hold 51 percent and 49 percent stake in the joint venture corporation respectively.



More From Shares Investment: