Value Investor Research
CIMB: PPB Group Bhd's indirectly held unit Glowland Ltd will be contributing 51% to the charter capi
value_investor
Publish date: Fri, 17 Feb 2012, 12:09 AM
PPB Group Bhd's indirectly held unit Glowland Ltd will be contributing 51% to the charter capital of VFM-Wilmar, a limited liability company proposed to be established in Vietnam, amounting to US$5.2m (RM15.8m). The other 49% will be contributed by a company wholly-owned by Wilmar International Ltd. PPB said the establishment of VFM-Wilmar will allow the company to expand it flour milling business in Vietnam. (Financial Daily)
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