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Ayala Corporation Signs Agreement With Ho Chi Minh City Infrastructure Investment JSC


Thursday, 22 Nov 2012 07:00pm EST 

Ayala Corporation announced that the Company and Ho Chi Minh City Infrastructure Investment JSC (CII) have entered into an agreement to jointly invest in VinaPhil Technical Infrastructure Investment JSC (VinaPhil), a corporation established under Vietnam law to invest in infrastructure projects in Vietnam. VinaPhil will be initially 49%-owned by the Company with the remainder owned by CII and other Vietnamese investors. VinaPhil will have an initial charter capital of VND 900 billion (approximately $ 43 million). Earlier this year, the Company has acquired a 10% stake in CII in conjunction with Manila Water Co., Inc.’s acquisition of a 47.35% in Kenh Dong Water Supply JSC. 

Company Quote

660.0
2.0 +0.30%
1 Aug 2014