ITL

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Indo Trans Logistics Corporation (“ITL” or the “Company” - https://itlvn.com/) is a leading logistic company headquartered in Ho Chi Minh City, with more than 90 branch offices and distribution centers throughout Vietnam. ITL has 5 business lines: aviation services, freight management (including railway logistics), contract logistics, visa application centers and last-mile/express delivery. ITL has a number of group subsidiaries delivering abovementioned business lines (https://itlvn.com/about-us/group-of-companies.html). The Company currently owns and operates about 15 large- and medium-sized distribution centers and warehouses, with an average total floor space of about 1.2 ha each. The Company also operates a railway cargo station with an area of 2.8 ha in central Hanoi and a 0.8 ha airport cargo warehouse near Noi Bai International Airport. ITL further owns and operates a fleet of about 500 trucks directly and in subsidiaries. Products handled and stored by the Company at its warehouses are predominantly consumer products and electric appliances. The proposed IFC investment (the “Project”) is a senior corporate loan up to US$50 million to fund ITL’s growth.