Vinamilk to set up subsidiary to rear cattle and poultry

Thursday, Aug 01, 2013 14:37

HA NOI (Biz Hub)—TheViet Nam Dairy Products Joint Stock Company (Vinamilk) announced on its website a decision by its Board of Directors to co-operate with Thong Nhat Thanh Hoa Co Ltd to establish Thong Nhat Thanh Hoa Cow Milk Co Ltd.

The subsidiary will be set up in the fourth quarter of this year, with a charter capital of VND600 billion (US$28.57 million), VND570 billion ($27.14 million) of which will be invested by Vinamilk. The new business will focus on rearing cattle and poultry.—VNS

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