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Banking & Finance: Mekong Enterprise Fund Invests $1.85 Mln in Magnet Wire Firm.
(From Vietnam News Briefs)
The Mekong Enterprise Fund has invested $1.85 million in Ngo Han Magnet Wire Joint Stock Co. in Vietnam through a primary share purchase, boosting Ngo Han's registered capital to VND63.2 billion ($18.5 million).
The fund's investment allows Ngo Han to install new equipment to expand magnet wire production, said Chris Freund, managing director of the Mekong Capital, which is managing the $18.5 million Mekong Enterprise Fund.
Ngo Han sales director Ngo Thi Thong said, "We've been working closely with the fund to better our management systems, including supply chain management, accounting systems and quality management. We …
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- Mekong Enterprise Fund invests US$1.85 million in Ngo Han.
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