Gemadept to plant rubber trees in Cambodia

The General Forwarding & Agency Corporation (Gemadept) (HOSE: GMD) plans to invest $44.3 million in growing rubber trees in Cambodia , a company representative said on May 22.

The scheme was announced at the company’s 2011 Annual General Meeting of Shareholders, the representative said.

The company will also issue 3-5 year bonds totalling $30-70 million, with interest rates ranging between 0-6 per cent per annum. The issuance of bonds is expected to take place between the fourth quarter of 2011 and the first quarter of 2012.

Gemadept is one of Vietnam’s leading companies operating in port operation, container liner service, ship and forwarding agency, logistics and financial investment.

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