Haid Intl (IFC-39543)

Countries
  • India
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Long An province, Vietnam and India.
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Nov 30, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
HAID INTERNATIONAL GROUP LIMITED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Construction
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 103.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 22, 2017

Disclosed by Bank Oct 25, 2017


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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
Founded and headquartered in Guangdong since 1998, Guangdong Haid Group Co., Ltd (“Haid”) is one of China’s leading animal and aqua feed producers, with sales of US$4 billion and a market capitalization of US$3.7 billion. The Project is to expand Haid’s overseas aqua feed operations in the developing countries. Haid International Group Limited (“ Haidco”) is one of Haid's overseas subsidiaries, the key channel for Haid's overseas aqua feed expansion, and the borrower of the IFC Loan. The Project will be carried out by Haidco's operating subsidiaries and/or affiliates in the respective developing countries (collectively called “Haid Intl”). Specifically, Haid will add 2 shrimp feed lines and 1 fish feed line in Vietnam, and construct 1 new shrimp feed mill in India. Haid's overseas aqua feed capacity will hence increase from the current 200,000 MT to no less than 450,000 MT. The total project cost is estimated at US$103 million, including capital expenditures and working capital (re)financing.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Haid, the Sponsor, is a public company listed on China's Shenzhen Stock Exchange (ticker: 002311.SZ). The general public owns 42% in Haid. The remaining shares are owned by Guangzhou Haihao Investment Co. Mr. XUE Hua, the Chairman, owns 22.88% in Haid through this investment entity.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
1/Project Contact Information Haid International Group Limited Overseas Chief Finance Officer dingbl@haid.com.cn Block A05, Duc Hoa 1 Industrial Park, Hamlet 5, Duc Hoa Dong Commue, Duc Hoa Distr Long An Province, Viet Nam www.shenglongbt.com 2/IFC Contact Information General IFC Inquiries IFC Communications 2121 Pennsylvania Avenue, NW Washington DC 20433 Telephone: 202-473-3800 Fax: 202-974-4384 3/Project Access Documentation www.shenglongbt.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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How it works