Standard Chartered Private Equity (SCPE) yesterday announced the
acquisition of a minority stake in An Giang Plant Protection Joint Stock
Company (AGPPS), a market leader in Viet Nam''s agricultural sector.
Truong Van Bon, a farmer in An Giang Province who bought 1,500 shares of
the An Giang Plant Protection Joint Stock Company (AGPPS), cannot
believe that a farmer like him is an owner of a large company.
Standard Chartered Bank Vietnam on Friday signed a US$70 million
trade-finance facility agreement to provide An Giang Plant
Protection-Joint Stock Company with short- to medium-term working
capital.
The An Giang Plant Protection Joint Stock Company (AGPPS) has launched a
programme to sell 2.48 million preferential shares to more than 6,000
farmers in the Cuu Long (Mekong) Delta.