Listed Agrinurture, Inc. (ANI) on Thursday disclosed that the National Food Authority (NFA) has granted 'original proponent status' to its unsolicited joint venture proposal for the financing and purchase of imported rice to help augment the country's buffer stock. In a disclosure to the Philippine Stock Exchange (PSE), ANI said it received a letter from NFA acknowledging receipt of its proposal and that the company has been considered and recognized as original proponent. Under the proposed JV agreement, the ANI consortium shall finance the supply of NFA rice with no cash out on the part of government. Both parties shall jointly determine the origin, suppliers, delivery and arriva...
Keep on reading: NFA okays ‘original proponent status’ to Agrinurture’s joint venture proposal
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