(QNO) - With the aim of expanding PAN’s activities into agriculture and foodstuff, the International Finance Corporation (IFC) intends to pour USD 10 more million into a PAN’s project worth USD 28 million. The information was reported by the DealStreetAsia.
|PAN’s expansion into agriculture and foodstuff (thepangroup.vn)|
As a member of World Bank, an effective shareholder of PAN Group, the IFC will invest into PAN by purchasing its common shares.
PAN was known as operating in industrial hygiene and listed on the stock exchange in 2006. In 2013, it expanded its activities into agriculture. Its 2016 revenue was nearly VND 2,900 billion; and profit after tax was VND 257 billion.
Quang Nam Seed Agriculture and Forestry Joint Stock Company (Dien Thang Bac Commune, Dien Ban District, Quang Nam Province) is one of 11 companies indirectly owned by PAN Group.