(vasep.com.vn) After Hung Vuong Corporation, Minh Phu Seafood Group Corporation (Minh Phu Seafood Corp) is offering to sell more than 26.5 million of shares to foreign investors. Other companies in Vietnamese fishery industry are finding foreign investors before officially listing their shares on the stock exchange.
The Ca Mau-based firm planned to turn its affiliate Minh Phu – Hau Giang Seafood Processing Company (MPHG) into a joint stock company through selling 26,666,667 shares at the price of VND10,000 per MPHG’s share to foreign partners. The company holds 90 percent of MPHG’s capital. The charter capital is expected to increase from VND600 billion to nearly VND866.7 billion. Minh Phu Seafood Corp has not revealed information on its investors.
Currently, MPHG owns a shrimp processing facility in Hau Giang province, which was built in August 2009 with total investment of VND405 billion.
Earlier, Hung Vuong Corp (HOSE code: HVG) sold 30 million of shares to its Singaporean strategic partner.
Over the recent years, Minh Phu Seafood Corp has been the leading shrimp exporter in Vietnam. Hung Vuong Corp is in the top three pangasius exporters.