We're the biggest in hybrid rice seed in Bangladesh," said SLAC Chairman Henry Lim Bon Liong.
The Php 5.00 per kilo production cost is possible if farmers will have an average of 10 MT yield at Php 50,000.00 per hectare cost, according to Henry Lim Bon Liong, SLAC Chairman.
Hopefully next year, we already have it," SL Agritech president Henry Lim Bon Liong said.
"We want to raise at least P2 billion to P3 billion.
The proceeds of the IPO will be used both for seed production and commercial rice production," Liong
said the conduct of the initial public offering would depend on the company's earnings.
"We have identified a site somewhere in Iloilo, but we are still trying to finalize it," SLAC President and Chief Executive Officer Henry Lim Bon Liong told reporters on the sidelines of the media launch in Quezon City of the First National Hybrid Rice Congress in Quezon that will be held on April 3-5.
said in a telephone interview later that the venture will add 2,000-3,000 hectares to the company's current total of 3,400 hectares in the provinces of Nueva Ecija, Laguna and Pangasinan.
Henry Lim Bon Liong, SL Agritech president, said that the company intends to raise P2 billion to P3 billion to expand its hybrid rice and seed production business.
"Everything is in sachets now, like shampoos, soaps, coffee, so I figured that maybe rice can come into sachets, to make it more affordable to the poor and also for everyone to have a taste of Dona Maria rice," said SLAC Chairman Henry Lim Bon Liong.
The man behind Hybrid Rice Production in the Philippines, Henry Lim Bon Liong
, will address the graduating class of Foundation University
during the 2012 Commencement Exercises on Sunday, March 18.