French company buys chemical company shares

The France-based Jaccar Group is to buy 30 percent of the My Lan Chemical Company stock and turn it into a leader in the printing industry in Vietnam and the region as well.

Under an agreement signed on February 27, the financial giant will inject US$12 million into the My Lan Company’s coffers to build a second chemical factory and an optoelectronics factory and to develop its 3D printing business.

Jaccar will help restructure the company, which has been renamed the Mylan Joint Stock Company. It will also develop a strategy, aimed at helping the company list its shares on the stock market.

My Lan is a leading company in Vietnam, specialising in research, production and application of pure chemicals in digital printing and optoelectronics. It is the first in Vietnam to produce environmentally-friendly Computer-to-Plate printing plates for both domestic use and export.

Tags: vietnam securities, vietnam stock, vietnam stock exchange, Vietnam stock market

Posted by VBN on Feb 28 2010. Filed under Stock. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry