Once the transaction is ended (from May 5 to July 5, 2011), Hung Vuong Corp’s share holding rate will increase to 60.1 percent, equivalent to 7.73 million Agifish’s shares, of which Asia Co., Ltd - its consolidated affiliate – holds 10 million shares.
According to its consolidated finance report in Q.4/2010, the company’s net sales rose by 70 percent compared with the same period of 2009.
After becoming Hung Vuong Corp’s affiliate in 2010, Agifish’s profit was added in the company total sales. Thanks to that, its gross profit by sales and services was up 57 percent; net profit by sales 44 percent; other profit up 27 percent and net profit after taxes up 11 percent.
Earlier 2010, after the approval of State securities commission of Vietnam, Hung Vuong Corp made an official offer to purchase 3.75 million shares of Agifish with the price of VND 36,000 a share.
HUNG VUONG CORP
Mr Duong Ngoc Minh - Chair and General Director
Add: Lot 44, My Tho Industrial Zone, Tien Giang Province
Tel: (+84) 073.3854.245
Fax: (+84) 073.854.248
E-mail: ingo@hungvuongpanga.com
Website: www.hungvuongpanga.com
ĐNH