Investment dream becomes a reality
Dream Incubator Asia Industrial Fund has announced its first investment in Vietnam through acquiring a 25 per cent stake in local milk producer Nutifood.
Nutifood is among the leading milk producers in Vietnam with a nationwide distribution network. The company earned a revenue of VND870 billion ($42 million) last year and posted a growth pace of 70 per cent of revenue in three consecutive years.
The investment deal was made nearly after a year the fund (DIAIF) has been operating in Vietnam with the capital of $60 million and plans to make its second investment this year. The fund’s founders are Dream Incubator Inc. and ORIX Corporation in the Cayman Islands.
DIAIF will support Nutifood in doing business through connecting it to potential partners.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Integration of ESG criteria at SHB propels bank forward (November 25, 2024 | 14:44)
- Considerations to be made in light of US vote outcome (November 25, 2024 | 14:00)
- HDBank in triple victory at listed company awards (November 25, 2024 | 11:38)
- Malaysia's Solarvest and Finhero launch first solar financing fintech solution in Vietnam (November 22, 2024 | 19:50)
- SHB honoured at VLCAs for fourth time (November 22, 2024 | 19:08)
- Central Bank of Cuba chief visits Hanoi to work with VBSP (November 22, 2024 | 15:49)
- Credit sees steady growth towards year-end (November 21, 2024 | 17:46)
- HDBank wins three titles at Vietnam Listed Company Awards (November 21, 2024 | 10:01)
- VLCA’s corporate governance mission (November 21, 2024 | 10:00)
- The promotion of ESG via banking (November 21, 2024 | 09:32)
Mobile Version