Mitsui buy shares of Minh Phu – Hau Giang Company
(vasep.com.vn) Baker & McKenzie law firm said that Japanese Mutsui & Co has spent VND400 billion on buying over 30 percent of Minh Phu Seafood Corp’s shares in its affiliate Minh Phu – Hau Giang Seafood Processing Company (MPHG). MPHG’s share was sold at VND15,000.
Earlier, MPHG offered to sell shares to turn to a joint stock company. Mutsui holds 26,666,667 shares of MPHG so far.
MPHG is estimated to reach VND866.67 of chapter capital while Minh Phu Seafood Corp’s chapter capital is VND700 billion. The company holds 67.5 percent of shares in MPHG.
www.minhphu.com