Anova

completed

Established in 1992, Anova Corporation is a holding investment company specializing in importing, manufacturing and distributing animal health products and raw materials for veterinary industry. Its subsidiaries include Anova Veterinary Pharmacy Joint-Stock Company and Anova Joint Venture Limited Company (animal medicine manufacturing), Than Nhon Corporation (animal medicine trading) and Anova Technology Distribution Joint-Stock Company (animal medicine distribution), Anova Feed Joint-Stock Company (feed producer), Nova Trading (feed raw material trading), Anova Biotechnology Joint-Stock Company (animal vaccine trading) and Anova Farm (livestock farming). The proposed IFC quasi-equity financing is up to $10 million with specific use of proceeds to Anova Feed Joint-Stock Company (“Anova Feed” or the “company”) for the construction and operation of a new feed mill of 300,000MT/year capacity in Dong Nai (South-eastern Vietnam), a bulk warehouse for its existing feed mill of 132,000MT/year capacity in Long An (commissioned in 2012), and incremental working capital. Anova Feed is also scheduled to construct and operate a new feed mill of 150,000MT/year capacity in Hung Yen (northern Vietnam) which is still at the planning stage. Anova Feed’s main products include compound feeds, premix feeds and concentrate feeds for pigs, duck and chicken.