German fund invests 28 million USD in Vietnamese sugar company Business

German fund invests 28 million USD in Vietnamese sugar company

Thanh Thanh Cong-Bien Hoa JSC (SBT) has announced that the German development finance institution DEG, owned by the German Government, invested 28 million USD to buy convertible preferred dividend stocks at 30,000 VND (1.26 USD) each, 84 percent higher than SBT’s market price on July 25.