| Project Detail |
Project Name Administration of Equity Investment in Chickin Pte. Ltd. Project Number 57288-001 Borrower / Company Chickin Pte. Ltd. Country / Economy Indonesia The transaction involves the administration by the Asian Development Bank (ADB) of an equity investment of up to $4,000,000, or its IDR equivalent with an initial investment of up to $1,000,000 or its IDR equivalent in Chickin Pte. Ltd., a company headquartered in Singapore with operations in Indonesia through its subsidiaries (together as the Companies or Chickin). The investment is to be provided by the ADB Ventures Investment Fund 1 under the ADB Ventures Financing Partnership Facility. ADB will provide financing to Chickin in the form of a convertible loan agreement between Chickin and ADB. The balance of the approved amount may be invested as equity or quasi-equity in subsequent fundraising rounds that Chickin is expected to undertake. Consistent with the established fund documents, ADB will not invest its own capital alongside the fund. |
