(vasep.com.vm) Hung Vuong Corporation (Code: HVG) has completed the public offer 4 million shares of Viet Thang Feed Joint Stock company (VTF), thereby increased its ownership to 75%.
HVG announced its investment of VND 200 billion on VTF feed mill expansion to increase its capacity to 700,000 tons/year from 450,000 tons currently. The project started in December 2014 and is scheduled for completion in June next year. The new plant is fully invested by HVG with modern technology from Japan, the US and European countries to raise maximum capacity, product quality.
Besides, HVG also builds a feed store reserving about 100,000 tons/year at VTF. With new investments in VTF, next year, the total production of feed factories will reach 1 million tons / year.