(Alliance News) - VietNam Holding Ltd on Wednesday said it has invested USD6 million in a cold storage and logistics company A BA Trading Solutions JSC, or ABA Cooltrans, in the form of Vietnam Dong denominated convertible bonds.
The focused investment company said it intends to convert the bonds into ABA Cooltrans equity ahead of a possible future stock listing of the company in Vietnam.
ABA Cooltrans is a private cold chain solution provider in Vietnam, with a fleet of 300 refrigerated trucks and 40,000 pallets of cold storage in Hanoi and Ho Chi Minh City.
Shares in VietNam Holding were untraded at 187.12 pence each.