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VietNamNews

Food processor increases charter capital

Update: April, 03/2012 - 11:17

LONG AN — Mechanics Construction and Foodstuff Co (MCF) has increased its charter capital from VND35 billion ($1.6 million) to VND80 billion (US$3.8 million), with Vinafood II holding a 60-per-cent stake in the company. MCF has targeted earnings this year of around VND700 billion ($33.3 million), a net profit of VND18.75 billion ($892,850), and a dividend payout of 15.9 per cent. — VNS

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