Thursday, August 9, 2007
Hanoi (Asia Pulse) -- Three Vietnamese businesses have teamed up to kick-start a joint stock company that will cultivate rubber in Cambodia. Phu Rieng-Karatie Joint Stock has a total chartered capital of VND200 billion (US$12.4 million). The Vietnam Rubber Industry Group holds a 40 per cent stake in the company, with Phu Rieng Rubber and Da River coming in for 30 percent each. A 70 year lease on nearly 1,000 ha of land in Cambodia's Karatie province was secured by the firm. Some 300 ha of land has been reclaimed and 100 ha is already having rubber trees.
Source: http://www.rubberworld.com
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