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Vietnam: CPR buys 15 percent of local private company.

Thai Press Reports

| February 28, 2007 | COPYRIGHT 2008 Thai News Services. (Hide copyright information)Copyright

(From Thai Press Reports)

Section: Regional News - A Japanese company has purchased 15 percent of Sara Vietnam, an IT company, becoming the first Japanese business to invest in a Vietnamese private company.

The 2 million USD worth investment was announced by Sara Vietnam and CPR International on Feb. 26.

Sara General Director Tran Khac Hung said that CPR International hoped to buy as much shares as possible, but Sara Vietnam only agreed to sell 15 percent of its shares. CPR will assist Sara in training IT workers to provide firstly for Japanese companies and Japanese investment projects in Vietnam.

CPR International will also help Sara …

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