DBC plans to sell 55% capital in Dabaco Food

June 27, 2017 - 15:00

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.

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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