HKY2 (IFC-40900)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Jilin province, Inner Mongolia and rural Shandong province
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
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 30, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
SHANDONG HEKANGYUAN POULTRY BREEDING INC LTD
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
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, etc.
Investment Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 10.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 48.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Corporate Actor Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Mar 27, 2019

Disclosed by Bank Mar 12, 2019


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Project Description

According to the bank document, the project is for the Company to expand its duck breeding capacity in Jilin, Inner Mongolia and rural Shandong in the next 3 years.

Investment Description
  • International Finance Corporation (IFC)

The estimated total cost is US$48 million. IFC will invest an A Loan of up to US$10 million equivalent.   

Private Actors

Two founders and management team own 47.47% through Jinan Hezhou Investment Consulting Co., Ltd. Jiangxi Yonglian Agriculture Holdings Co., Ltd owns 38.85%, IFC owns 13.68%.        

Contact Information

1/ The Project Contact

Hekangyuan Poultry Breeding Inc., Ltd 
Li Li - Board Secretary 

Jinan Pharmacy Valley R&D Platform Tower 1, B-2121, North Gangxing San Lu, Jinan High-tech New Zone, Shandong, China 
http://www.hkyswyz.com 

2/The IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

3/ Local Access for Project Documentation

Jinan Pharmacy Valley R&D Platform Tower 1, B-2121, North Gangxing San Lu, Jinan High-tech New Zone, Shandong, China

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/