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Standard Chartered embarks US$35 million in restaurant chain
  • | VOV | September 17, 2014 04:07 PM
Standard Chartered Private Equity (SCPE) announced on September 16 the acquisition of a significant minority stake in Golden Gate Trade and Service JSC through an equity investment of US$35 million.

Golden Gate Trade and Service JSC is recognized as the leading restaurant chain operator in Vietnam which currently operates 11 sole restaurants with over 60 nationwide. .

This is the first investment of SCPE in Vietnam which adds to an already extensive business scheme in South East Asia.

Standard Chartered Vietnam’s CEO Nirukt Sapru said his company’s internationally expanded network will offer best-in-class products and services suiting client’s needs.

The investment further demonstrates Standard Chartered's commitment to support the national economy and establish a long-term strategic partnership in Vietnam.

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