13 February 2007 - Vietnamese confectionery firm Kinh Do Corp has acquired a 6.42% stake in the Vietnam Export-Import Bank (Eximbank) for USD 90 million, says the local press.
The move will enable Kinh Do to become the second largest shareholder of the bank.
The acquisition is part of the firm’s plans to expand into the finance and banking industry.
The move is also seen to benefit Kinh Do as the the company will reportedly get priority loans from the bank, adds the press.