Wood Working

An Cuong Wood Working has received $30m in investment from VinaCapital Vietnam Opportunity Fund (VOF) and Deutsche Investitions- und Entwicklungsgesellschaft (DEG).

According to the terms of the transaction, VOF will acquire a 20% stake in wood-working and decorative materials company An Cuong Wood Working, which intends to further strengthen its business in the market.

Steel Funding has secured $700m by its Eurobond offering, which has a seven-year maturity. The bonds have an interest rate of 4.5% per annum.

Based in Dublin, Steel Funding is a subsidiary of Russia’s OJSC Novolipetsk Steel (NLMK), a manufacturer of flat steel, semi-finished, and electrical steel products.

NH Foods will acquire a 20% stake in dairy producer Hokkaido Milk Products via a private placement. The two companies will also form a joint venture to produce yogurt.

Biostime International Holdings will raise $400m by issuing senior notes bearing a coupon rate of 7.25% per annum in a public offering. The interest on the five-year senior notes will be payable semi-annually.

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The Chinese company is engaged in the manufacturing of infant formulas, probiotics, and nutritional supplements.

Image: An Cuong Wood Working Joint Stock Company is Vietnam’s leading wood-working and decorative materials company. Photo: courtesy of An Cuong Wood Working.