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VietNamNews

DBC plans to sell 55% capital in Dabaco Food

Update: June, 27/2017 - 15:00
Workers process meat products at Dabaco Food factory. — Photo dbcfood.com
Viet Nam News

HÀ NỘI — Việt Nam’s Dabaco Group (DBC) will transfer a part of its chartered capital in Dabaco Foodstuffs Processing Company Limited (Dabaco Food) to Kido Corporation (KDC) and DBC’s chairman of board Nguyễn Như So.

Dabaco Food has a chartered capital of VNĐ200 billion (US$8.8 million).

 

50 per cent of said capital, equivalent to VNĐ100 billion, will be transferred to KDC, 5 per cent to Nguyễn Như So and the rest 45 per cent is held by DBC.

 

After completing the procedure, Dabaco Food will be transformed into a joint stock company.

 

Dabaco Food is specialising on slaughtering cattle and poultry and processing meat products, including sausage, smoked meat and canned food. — VNS

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