(Vietnam News Brief) Hung Vuong Group, Vietnam’s leading pangasius fish exporter, has spent VND74 billion ($3.56 million) on buying Viet Dan Seafood Feed Factory from Dong Thap Seafood Import Export and Processing JSC.
The buying of the plant that has a capacity of 100,000 tons per year will help HVG boost its production capacity of seafood feed in order to meet the demand of its subsidiaries, HVG said in a statement posted on its website.
The facility will be handed over to HVG on October 1.
HVG made an audited consolidated net profit of VND183.28 billion on revenues of VND3.57 trillion in the first half, falling 22% and 6.05% on year, respectively.
Currently, HVG’s Chairman cum Founder Duong Ngoc Minh holds a 35.8% stake equal to 23.36 million shares while SSI Asset Management Limited Co. (SSIAM) and Saigon Securities Inc. (SSI) own 14.68% and 5.29%, respectively, equal to 11.6 million shares and 4.2 million shares.