According to the bank's website, "the proposed IFC financing will support the expansion of Mavin’s pig breeding and commercial pig farming capacity and associated working capital requirements." The project aims to support a breeding facility on a 50-hectare footprint with a 12-hectare buffer zone in K’Bang District, Gia Lai Province, a breeding facility with a 30 hectare footprint and a 70 hectare buffer zone in Anh Son District, Nghe An Province, and a breeding facility with a 30 hectare footprint and a 15 hectare buffer zone in Cao Lanh District, Dong Thap Province.
The Project is expected to cost US$90.6 million which would be funded by (i) VND1,200 billion (approximately equivalent to US$52 million) in Redeemable Convertible Dividend Preference Shares issued to IFC; and (ii) US$38.6 million of internal cash generation.
Ms. Vu Thi Toan
Public Relations Manager, Mavin Group Joint Stock Company
+84 915 388 988
8th Floor, Hudland Building, 6 Nguyen Huu Tho, Hoang Liet Ward, Hoang Mai District, Hanoi, Vietnam
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