Business

Vissan IPO attracts 142 investors

More than 140 investors from local and overseas markets will participate in the initial public offering (IPO) of the Vietnam Meat Industries Limited Company (Vissan) on March 7.
Vissan IPO attracts 142 investors ảnh 1A Vissan worker checking pork (Source: VNA)

Hanoi (VNA) - More than 140 investors from local and overseas markets will participate in the initial public offering (IPO) of the Vietnam Meat Industries Limited Company (Vissan) on March 7.

Vissan will sell more than 11.3 million shares at the IPO, with a starting price of 17,000 VND each. The company expects to earn at least 192 billion VND (8.64 million USD) from the IPO.

The 142 investors comprise 123 local individuals, six local companies, six foreign individuals, and seven foreign firms. They have registered to buy 63.6 million shares at the IPO, more than five times the number of shares offered by Vissan.

The number of shares being offered at the IPO is equal to 14 percent of the company's capital after privatisation, which is expected to reach 809 billion VND.

Vissan will sell the shares to only three investors at the coming IPO, so that they become the company's strategic investors.

According to Vissan, a strategic investor should have equity of 1 trillion VND as of the end of 2015, should not have suffered any losses during the 2012-14 period, and should not have suffered any accumulated loss as of the end of September 2015.

A strategic investor should also have had at least five years of operations experience, working in the same industries as Vissan, and be capable of working with Vissan to create a food chain called 3F (Feed-Farm-Food) to provide safe food to consumers.

CJ Corporation plans to improve Vissan's brand, not only in the domestic market but also abroad, if it becomes one of Vissan's three strategic investors.

Vissan is now one of Vietnam's leading corporations in the production of food, fresh meat, frozen meat, and meat products. Vissan was founded in 1970 as a subsidiary of the State-owned Sai Gon Trading Corporation (SATRA).-VNA

VNA
#Vissan #IPO #food chain
Follow VietnamPlus

Related News

Vietnam's IPOs underwhelm this year

Vietnam's IPOs underwhelm this year

Vietnam's initial public offering (IPO) activity has been less than exciting in 2015 and that has been attributed to the lack of blockbuster deals.
Gia Dinh Textile and Garment to launch IPO

Gia Dinh Textile and Garment to launch IPO

Gia Dinh Textile and Garment one-member limited company (GIDITEXCO) will launch the auction of 15 million shares in its initial public offering on the HCM Stock Exchange on March 18.

See more

Workers of PTSC Thanh Hoa check the system for crude oil imports. Vietnam saw strong increase in fuel imports in the first two months of this year. (Photo" VNA)

Vietnam records strong increase in fuel imports in two months

Statistics of Vietnam Customs showed that Vietnam spent more than 1.44 billion USD importing 2.18 million tonnes of petroleum products in the first two months of this year, representing a sharp increase of 31.4% and 43%, respectively, over the same period last year.

Prime Minister Pham Minh Chinh visits a macadamia cultivation model in Huoi Tao B village, Pu Nhi commune, Dien Bien province on March 8. (Photo: VNA)

PM requests boosting agricultural development in Northwestern region

PM Chinh encouraged local residents to explore additional crops and livestock suitable for intercropping in order to maximise land use efficiency. Farmers were also urged to strengthen cooperation with one another and with businesses by joining cooperatives, consolidating land resources and working together to expand production and improve incomes.

Farmers in the Mekong Delta province of An Giang harvest rice grown under the project 'Sustainable Development of One Million Hectares of High-Quality, Low-Emission Rice Associated with Green Growth in the Mekong Delta by 2030.' (Photo: VNA)

Promoting high-quality rice exports amid mounting challenges

According to the Ministry of Agriculture and Environment (MAE), an estimated 600,000 tonnes of rice worth 370 million USD was exported in January, up 12.4% in volume and 16.9% in value year-on-year. The average export price reached 616.6 USD per tonne, up 4%.

Fuel supply in Hanoi remains stable. (Photo: VNA)

Fuel prices rise sharply from 3 pm on March 7

Since the beginning of this year, domestic fuel prices have undergone 11 adjustments. During this period, both RON95 and E5 RON92 experienced four decreases and seven increases, while diesel oil two falls and nine hikes.

Customers buy and sell fuel at a Petrolimex petrol station. (Photo: VNA)

Capital’s fuel market remains stable after March 5 price adjustment

Operations at several petrol stations across Hanoi have run normally. Along major routes, petrol stations remained open and continued to serve customers as usual. The number of vehicles refueling showed no major changes compared to the days before the price adjustment. Sales activities continued without interruption, and there were no long queues or supply disruptions.

Thang Long II Industrial Park in Hung Yen province. (Photo: VNA)

Green industrial parks draw FDI to northern Vietnam

From 2026, the industrial real estate market in the northern region is forecast to enter a new growth phase as strategic infrastructure projects near completion, supply expands, and green industrial parks become a decisive factor for foreign direct investment (FDI).

Border guards from Thanh Hai Border Guard Station patrol fishing vessels entering Phu Hai port in Phu Thuy ward, Lam Dong province. (Photo: VNA)

Lam Dong orders swift action to address IUU fishing gaps

Vice Chairman of the provincial People’s Committee Le Trong Yen has directed heads of relevant departments, sectors and localities to strictly implement directives and newly issued regulations on IUU prevention, while strengthening public awareness efforts so fishermen and businesses better understand and comply with the rules.

Permanent Deputy Prime Minister Nguyen Hoa Binh speaks at the meeting to review the development strategy and operational framework for the international financial centre. (Photo: VNA)

Deputy PM urges early establishment of trading platforms at Int’l Financial Centre

Chairing a meeting in Hanoi on March 6 to review the development strategy and operational framework for the international financial centre, Binh acknowledged the progress made by relevant ministries and localities in a short period of time. However, he noted that current efforts have largely focused on building the organisational structure and legal framework.

Regza Vietnam Electronics Co., Ltd. (fully invested by Taiwan, China) installs four modern production lines in 2024. (Photo: VNA)

FDI disbursement in Jan–Feb reaches five-year high

The NSO noted that the Republic of Korea (RoK) and Singapore were the largest investors during the period, each registering over 1 billion USD in newly committed capital, accounting for a significant share of total foreign investment inflows into Vietnam.

Rising geopolitical tensions in the Middle East on Vietnam’s economy under the baseline scenario is expected to remain limited. (Photo: VNA)

Middle East tensions likely to have moderate impact on Vietnam’s economy: VinaCapital

According to Michael Kokalari, Director of Macroeconomic Analysis and Market Research at VinaCapital, the conflict is unlikely to significantly affect Vietnam. Exports to the Middle East account for less than 3% of Vietnam’s total export turnover, while the likelihood of a large-scale and prolonged ground campaign in Iran is considered relatively low.

VinFast has signed a strategic partnership with six electric motorbike dealers in Indonesia, marking a new step in expanding its distribution network in one of the region’s and the world’s largest motorcycle markets. (Photo: VNA)

VinFast partners with six e-scooter dealers in Indonesia

In preparation for the launch of its electric scooters in Q2/2026, VinFast has signed additional MoUs with six dealers, including PT. IB Motor, PT. Sentrik, PT. Axara Marani, PT. Sukses Sejati Indonesia, PT. Tangguh Inti Motor, and PT. Kiki Motor Persada. These partners are distributors with strong experience in key markets and share a common direction toward green mobility solutions.

Fishermen at Dong Tac fishing port in Phu Yen ward, Dak Lak province prepare to head back to sea after the storm (Photo: VNA)

Dak Lak reviews fishing vessel fleet, steps up fight against IUU fishing

Local authorities are focusing on managing registered fishing vessels and reviewing all records and data related to fishing, purchasing and processing seafood. Violations related to IUU fishing are being strictly handled under the principle of “facing the problem, not avoiding it”.