JAKARTA -- The Manila-based Asian Development Bank (ADB) has approved an investment of up to $15 million to expand the reach of discount retail chain DALI Stores in the Philippines with the aim of increasing access to groceries for low-income people and creating more jobs.
The bank will subscribe to common equity shares in HDPM Sin along with Malaysia-based Creador and Philippines-based Navegar -- both private equity companies -- in DALI's Series C round, according to a statement.
