BIC boosts overseas presence
Accordingly, BIC decided to increase its holding ratio in LVI from 51 percent stake to 65 percent stake, equalling to an additional investment value of $420,000.
At the same time, BIC also decided to acquire the whole 65 percent stake of Cambodia Development Investment Ltd Co (IDDC) in CVI at a price of $4.55 million. The purchase is to carry out its market expansion strategy and take full available advantages of Vietnamese enterprises system investing in Cambodia.
At the same time, BIC also decided to acquire the whole 65 percent stake of Cambodia Development Investment Ltd Co (IDDC) in CVI at a price of $4.55 million. The purchase is to carry out its market expansion strategy and take full available advantages of Vietnamese enterprises system investing in Cambodia.