Vinamilk and Kido Set Up Joint Venture to Produce Ice-Cream and Beverages
Vietnamese dairy market leader, Vinamilk and packaged food producer, Kido Group Corporation signed a memorandum of understanding (MOU) in June 2020 to set up a joint venture, Vinamilk-Kido Beverage Joint Venture Company Ltd (Vibev). Vinamilk will own 51% and KDC...
Singapore-Based Homewares Retailer Looking to Expand in Indonesia
Iuiga, the Singapore-based homewares retailer announced that it has received SGD 10 million (USD 7 million) in Series A funding from Indonesian conglomerate, Konimex. The funds are supposed to be used for the retailer to expand its current operations in the Indonesian...
Leading Palm Oil Producer in Malaysia Ventures into Dairy Farming
FGV Holdings Bhd (FGV), one of the world’s largest producers of crude palm oil (CPO), has ventured into the local food and beverage industry in Malaysia through its subsidiary FGV Dairy Farm Sdn Bhd’s acquisition of RedAgri Sdn Bhd. This marks FGV’s first foray into...