Sign up | Log in



Home>>Daily News>>Vietnam>>Economy >>Four foreign investors keen on Minh Phu
NEWS UPDATES Asean Affairs   February 1, 2019  

Four foreign investors keen on Minh Phu

Four foreign investors are looking at a private offering of 75.72 million shares in Minh Phú Seafood Corporation this year.

The companies are reported to be from Japan,  South Korea, the United States and Japan.  

Minh Phu’s chairman Le Van Quang disclosed this information at a shareholder meeting on Tuesday.

Last year, Minh Phu approved a plan to sell 75.72 million shares to new investors to raise capital to expand shrimp production and supplement working capital.

Its charter capital is expected to increase from VND1.4 trillion to nearly VND2.16 trillion (US$92.7 million) after the share sale.

Quang said these shares could be sold to one or all four investors.

The selling price will not be lower than the book value recorded in the company’s latest financial statement.

Quang said investors had offered that price but the company was hoping for a better deal.

“The price will be much higher than the trading price on the stock market. The first criteria for selecting a strategic investor is capital,” he said.

In a shareholders’ meeting in November last year, Quang said investors must pay 20 per cent more than market price for the shares. The value of the deal was expected at about $230-250 million at that time.

The company is seeking long-term investors with strong financial capacity to help it achieve a sales boost of 25 per cent. According to Quang, at this rate, the company could control global shrimp prices and ensure stable profits.

Shares in Minh Phu Seafood Corporation (MPC) are trading on the Unlisted Public Company Market (UPCoM) at around VNĐ46,000 ($1.97). The company is planning to shift its listing to the Ho Chi Minh Stock Exchange this year.

Cash dividend in Q1

The company plans to pay a cash dividend of 50-70 per cent, equivalent to VNĐ5,000-7,000 per share, in the first quarter of this year.

In 2018, Minh Phu recorded a net profit of VND1.03 trillion ($44.2 million), up 44 per cent against the previous year.

The company forecasts higher output this year in the domestic market amid difficulties in rival markets such as India. It has targeted total production of 77,400 tonnes, expecting to bring in $850 million turnover for the company in 2019.

The pre-tax profit goal is VND2.3 trillion, of which exports are projected to generate VND2 trillion. –

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

  Today's  Stories                     February 1, 2019
• PHL economy more investment-led in 2018
• Retailers protest high minimum wage, threaten to switch to machines Subcribe: Asean Affairs Global Magazine
• Four foreign investors keen on Minh Phu Subsribe Now !
• House sees 20% attendance at hearing for clean energy draft law
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Indonesia’s Pertamina to invest $1B in LNG facility in PHL
Asean Stock Watch  November 1,  2018

• Asean Stock Watch-November 1, 2018
Asean Analysis                June 15,  2018
• Asean Analysis June  11, 2018
Inflation may yet peak —Diokno
Advertise Your Brand

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand