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Minh Phu Seafood plans $24m bond issue

Update: September, 27/2014 - 09:19
Minh Phu Seafood Corporation (MPC) plans to issue bonds worth VND500 billion (nearly US$24 million) this month.— Photo baohaiquan
HCM CITY (VNS)— Minh Phu Seafood Corporation (MPC) plans to issue bonds worth VND500 billion (nearly US$24 million) this month. These three-year bonds are unmortgaged and non-convertible and will be offered to less than 100 investors in a private placement.

Recently, MPB decided to buy back as many as 1.6 million shares to pave the way for its plan of delisting shares on the HCM Stock Exchange. At the current price of VND71,000 ($3.36) per share, it will spend over VND110 billion ($5.2 million) to fund the purchase. — VNS


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