Minh Phu Seafood to sell 75.7 million shares this year
Minh Phu Seafood Corporation (HoSE: MPC) plans to issue privately 75.72 million shares to raise 3.7 trillion VND (159.5 million USD) in 2019.
Minh Phu Seafood Corporation plans to sell more than 75.7 million shares in a private deal to raise 3.7 trillion VND (159 million USD) to provide additional capital for production and business activities. (Photo: tinnhanhchungkhoan.vn)Hanoi (VNA) - Minh Phu
Seafood Corporation (HoSE: MPC) plans to issue privately 75.72 million shares
to raise 3.7 trillion VND (159.5 million USD) in 2019.
The company will use 45 percent of the funds, or 1.7 trillion VND, to improve its financial capacity. The remainder will be used to fund production and sales activities.
The share issuance was approved in late February 2019 by the company's board of directors. The company last week gained approval of the State Securities Commission on the deal.
The company will offer shares to both domestic and international investors that are financially healthy and willing to accompany the firm in the long term.
The shares will be unavailable for trading in one year since the issuance date.
At the annual shareholder meeting in January, Minh Phu announced that Japanese, Korean and US investors had been in talks with the company to buy shares.
The expected price is estimated at more than 48,800 VND (2.07 USD) per share.
The company has 140 million shares on the Ho Chi Minh Stock Exchange under code MPC.
The company's shares edged up 0.7 percent to close at 46,100 VND on April 16.-VNA
The company will use 45 percent of the funds, or 1.7 trillion VND, to improve its financial capacity. The remainder will be used to fund production and sales activities.
The share issuance was approved in late February 2019 by the company's board of directors. The company last week gained approval of the State Securities Commission on the deal.
The company will offer shares to both domestic and international investors that are financially healthy and willing to accompany the firm in the long term.
The shares will be unavailable for trading in one year since the issuance date.
At the annual shareholder meeting in January, Minh Phu announced that Japanese, Korean and US investors had been in talks with the company to buy shares.
The expected price is estimated at more than 48,800 VND (2.07 USD) per share.
The company has 140 million shares on the Ho Chi Minh Stock Exchange under code MPC.
The company's shares edged up 0.7 percent to close at 46,100 VND on April 16.-VNA
You should also see
Government urged to probe gold traders to prevent possible market manipulation
The National Assembly (NA) Standing Committee has asked the Government and the Prime Minister to investigate gold trading firms to promptly address any violations in business activities and possible market manipulation, amid soaring domestic prices.
See more
Business
Tra Vinh exports organic coconut flower nectar to Australia
The Tra Vinh Farm Co., Ltd (Sokfarm) in the Mekong Delta province of Tra Vinh has successfully exported its first shipment of organic coconut flower nectar products to Australia - the fifth main importer of the locality’s product.
Business
Real estate market thrives, entities ready to re-enter market
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
Business
Central bank to resume gold bar bidding after 11 years
The State Bank of Vietnam (SBV) will resume gold bar bidding after 11 years, aiming to increase the supply of gold to the market, promptly and immediately settle the high difference in domestic and international gold prices, thus ensuring the gold market operates in a safe and stable, healthy, open, transparent and effective manner in accordance with the Prime Minister's direction.
Business
Hai Phong Techfest connects Vietnamese, RoK businesses
The Department of Science and Technology of the northern port city of Hai Phong is organising the International Techfest Connect 5+, a science and technology festival to promote connectivity in the northern coastal region, from April 15-16.
Business
Banks record positive business indicators in Q1 2024
Many banks have reported positive business indicators, especially credit growth, in the first quarter of this year.
