Vinamilk deal to go ahead
Vietnam Dairy Product Joint-Stock Co, better-known to milk lovers as Vinamilk, was granted a licence on Monday to open a $23 million processing facility in Phnom Penh’s Special Economic Zone. A statement to the Ho Chi Minh Stock Exchange released by the dairy giant on Monday says the Vietnamese Ministry for Planning and Investment issued Vinamilk with a mandatory overseas investment certificate. … The deal has Vinamilk holding a 51 per cent share of the facility, and Cambodia’s Angkor Dairy Products Company Limited owning the remaining 49 per cent. The plant will produce 19 million litres of liquid milk, 64 million jars of yogurt and 80 million cans of condensed milk annually, according to the statement. …
Eddie Morton
http://www.phnompenhpost.com/business/vinamilk-deal-go-ahead
