VinaCapital has announced that it will invested 15 million USD in the Prime Group, the largest floor and tile maker in Vietnam , at a press briefing in Hanoi on April 28.
VinaCapital’s Executive Manager Andy Ho said that Prime Group’s key products and construction materials met his group’s investment targets, which also include real estate, healthcare and consumer goods.
Prime Group’s Vice President Nguyen Van Nghia said that the sum was transferred to Prime Group in late March and accounts for over seven percent of the group’s stake worth of almost 1.02 trillion VND (roughly 54.46 million USD).
Prime Group owns eight factories, a national distribution network and has over 30 percent of the market share.
The group plans to put another factory into operation by 2011 to increase its tile output by 20 percent and record an annual growth of over 25 percent in the next three years./.
VinaCapital’s Executive Manager Andy Ho said that Prime Group’s key products and construction materials met his group’s investment targets, which also include real estate, healthcare and consumer goods.
Prime Group’s Vice President Nguyen Van Nghia said that the sum was transferred to Prime Group in late March and accounts for over seven percent of the group’s stake worth of almost 1.02 trillion VND (roughly 54.46 million USD).
Prime Group owns eight factories, a national distribution network and has over 30 percent of the market share.
The group plans to put another factory into operation by 2011 to increase its tile output by 20 percent and record an annual growth of over 25 percent in the next three years./.
