A packaging factory of An Phat Holdings (Photo courtesy of the group) Hanoi (VNS/VNA) – The International Finance Corporation (IFC) recently announced its cooperation with An Phat Holdings (APH) and an expected investment of 20 million USD to fund APH's first compostable material manufacturing plant in Vietnam and the largest of its kind in Southeast Asia. IFC plans to invest 20 million USD in APH to support the implementation of the plant in the form of a seven-year loan that can be converted into APH shares. Earlier, on June 22, APH carried out an IPO and announced its plan to list 132.6 million shares to call for investment to build the plant. With this project, APH will take the initiative in raw materials, cut production costs, create a competitive advantage, and make environmentally friendly products popular in both domestic and international markets. According to IFC, before investing, the organisation carried out a thorough analysis of APH's financial capacity, potential and development prospects, and its projects. One of the most important reasons for the investment in APH's compostable material manufacturing plant was its high possibility of success. APH is the first manufacturer of compostable products in Vietnam. IFC believed in APH's business… Read full this story
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