“The objective of this acquisition is to further expand investments in Vietnam,” said Yupapin Wangviwat, Gulf’s executive director and chief financial officer.
She added that the transaction will be made through Kolpos, Gulf’s fully-owned subsidiary that was incorporated in Singapore.
GMIM, a holding company set up in Singapore, has both direct and indirect investments in renewable energy businesses such as solar energy, hydropower and wind energy, infrastructure businesses such as cargo port and warehouse, as well as agriculture-related businesses in Vietnam.
Published : January 14, 2021
By : The Nation