(seafood.vasep.com.vn) Sa Giang Import-Export Joint Stock Company (HNX: SGC) plans to issue over 7.1 million shares to raise nearly 465 Billion VND for Hoan Ngoc M&A Deal.
Sa Giang Import-Export Joint Stock Company (HNX: SGC) has announced the resolution of its Extraordinary General Meeting of Shareholders (EGM) for 2025, approving a plan to issue additional shares to existing shareholders to increase its charter capital.
Accordingly, Sa Giang will issue over 7.1 million shares at a ratio of 1:1 (one existing share entitles the holder to purchase one new share) with no transfer restrictions.
The issuance is expected to take place in Q4/2025 or during 2026, pending approval from the State Securities Commission.
If the issuance is successful, Sa Giang’s charter capital will double from nearly 71.5 billion VND to approximately 143 billion VND, corresponding to a total of nearly 14.3 million outstanding shares. With an offering price of 65,000 per VND share, the company expects to raise about 464.6 billion VND.
All proceeds will be used by Sa Giang to contribute capital to Hoan Ngoc Agricultural Products and Food Joint Stock Company (HNG Food Corp) to implement the Hoan Ngoc agricultural products and food processing factory project.
Established in April 2025 and headquartered in Dong Thap Province, HNG Food operates mainly in the production of ready-to-eat meals and processed foods such as pho, rice noodles, rice paper, shrimp chips, noodles, and more.
At the General Meeting of Shareholders (GMS), Ms. Truong Thi Le Khanh - Chairwoman of the Board of Directors of Vinh Hoan Group (Sa Giang's parent company) stated that Hoan Ngoc is a promising project in the field of processing products from rice and agricultural products, aligning with current consumption trends. The project has a large land area with a portion allocated for raw-material storage and future expansion.
Accordingly, Hoan Ngoc will invest in 5 production lines, one of which already has a partner committed to purchasing the products. However, due to the sizeable capital requirement, Ms. Khanh shared that the company expects it to take about 8.5 years to recover the capital and the first 3 years will not yet contribute profits to Sa Giang.
Sa Giang Board Member Ms. Le Thi Dieu Thi added that Hoan Ngoc's products have a similar orientation but are more diverse than Sa Giang's current portfolio, contributing to expanding the value chain for processing Vietnamese rice and agricultural products.
Regarding business results, for the first 9 months of 2025, Sa Giang recorded net revenue of over 531.6 billion VND, up nearly 11 billion VND compared to the same period in 2024; after-tax profit reached 94.5 billion VND, up 14%. As of September 30, 2025, the company's total assets stood at over 560.2 billion VND with liabilities at 123.4 billion VND.
According to Dan Viet.