SME BANK TO INVEST IN SIX FIRMS FOR DEALS TOTALLING BT117.6 MILLION
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The Small and Medium Enterprise Development Bank of Thailand will join forces with six startups and agro-processing small and medium-sized enterprises in deals worth a combined Bt117.6 million.
Mongkol Leelatham, president at the bank, said that the lender’s Venture Capital Committee had approved in principle the investments in two startups and four agro-processing SMEs.
The bank will invest Bt350,000 in both startups – Ubon Ratchathani-based noodle-makers Delight 88 Co Ltd (under the Jub Jub brand) and Ben Ben Food Co Ltd (under the Halong brand).
For the SMEs, the bank will invest Bt26.91 million in mushroom grower Khao Yai Panorama Farm in Nakhon Ratchasima province.
It will also invest Bt30 million in coffee producer Wawee Coffee in Chiang Mai province, Bt30 million in Chinese sausage-maker Kunchiang 5 Dao in Surin province, and Bt30 million in egg farm Thana Farm in Uttaradit province.
