QL Resources Bhd’s wholly-owned subsidiary QL Feedingstuffs Sdn Bhd has been issued with an investment certificate by the Vietnamese authorities for the incorporation of QL Vietnam AgroResources Liability Ltd Company (QLVA).
The subsidiary was in line with its strategy to expand its integrated livestock farming division overseas. It said the paid-up capital of QLVA was US$4 million (RM12.8 million) and its principal activity was producing breeder and chicken eggs.
QL Resources said the investment in QLVA would be via a combination of internal funds and borrowings, QLVA had an approved term of operations in Vietnam for 50 years
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