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Global Palm Resources invests in VCC fund

The Edge Singapore
The Edge Singapore 12/1/2022 08:19 PM GMT+08  • 1 min read
Global Palm Resources invests in VCC fund
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Global Palm Resources, an Indonesian-based oil palm producer, announced it will invest $3 million in GAO Black Lotus VCC. A VCC is a variable capital company.

As a VCC, the GAO Black Lotus VCC fund is incorporated as an umbrella VCC which may form multiple sub-funds, each of which constitutes a separate sub-fund of the Fund.

Tthe Company will subscribe for the participating shares issued by the Sub-Fund.The participating shares will only be offered and issued to eligible investors, who are accredited investors and/or institutional inestors, the Company will subscribe for the participating shares issued by the Sub-Fund.

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