PAN Group registers to buy Sao Ta Foods shares

December 11, 2018 - 09:00

Vietnamese agriculture and food company PAN Group JSC has registered to buy nearly 4.8 million shares of Sao Ta Foods JSC (FMC) to raise its current holdings in FMC to 45 per cent.

PAN Group will receive the registration dossiers of the sellers from December 12 to January 14. — Photo vietnamfinance.vn

Viet Nam News

HÀ NỘI — Vietnamese agriculture and food company PAN Group JSC has registered to buy nearly 4.8 million shares of Sao Ta Foods JSC (FMC) to raise its current holding in FMC to 45 per cent.

The shares, to be bought for VNĐ30,000 each (US$1.28), are equivalent to a 11.85 per cent stake in FMC.

PAN Group will receive the registration dossiers of the sellers from tomorrow to January 14.

Sao Ta Foods’ revenue rose 3 per cent year-on-year to hit $16.2 million in November. The firm’s shrimp output surged 33 per cent to 1,937 tonnes in the month.

In January-November, its shrimp output was more than 20,700 tonnes, exceeding the goal for the year by 7 per cent. Its revenue surpassed the full-year target by 6.2 per cent at $201.8 million. — VNS

Tags Vietnam Vietnam News news

CAAV requests airlines to increase flights on domestic routes during April 30 - May 1 holidays

Economy

Market rebounds, VN-Index breaks over 1,200 points

Economy

Viettel establishes a new strategic partnership with Nanning City

Economy

US Government hosts regional AI workshop in HCM City

Economy

The first 5-star resort opened in Vân Đồn

Economy

Mining Vietnam 2024 officially opens in Hà Nội

More on this story

Economy

Petroleum stocks gain on higher oil prices

Petroleum and industries such as food and beverage and home appliance advanced on Monday but their growth was not enough to save the stock market from falling.

Economy

An alliance of 17 domestic taxi companies makes debut

An alliance of 17 domestic taxi companies with a total of 12,000 vehicles makes debut on Monday, which aimed to enhance the services quality to compete with ride hailing services company Grab.

Economy

Top 500 largest enterprises in Việt Nam announced

Việt Nam’s private sector continued to show strong growth with the compounded annual growth rate (CAGR) among private firms rising significantly, reaching 21.8 per cent in the 2014-17 period.

Economy

Vietnam Airlines welcome 7 millionth international passenger to HCM City

Vietnam Airlines and HCM City’s Department of Tourism on Monday received the 7 millionth international visitor to HCM City this year at Tân Sơn Nhất International Airport.

Economy

PetroVietnam surpasses production targets in 11 months

The Việt Nam National Oil and Gas Group (PetroVietnam) has reported oil and gas production output of 22.1 million tonnes in the first 11 months of 2018, surpassing its target by 5.4 per cent and fulfilling 96.8 per cent of its yearly plan.

Economy

Vân Đồn International Airport meets requirements for open in December

The first private airport in Việt Nam had met all required standards and was ready to be put into operation as scheduled in December, according to the State Check and Acceptance Board.

Economy

Start-ups embrace logistics sector

The logistics sector has been the bottleneck for Việt Nam’s economic development, but offers plentiful opportunities for local startup companies with the application of technologies.

Economy

Shrimp by-products should be used

The Government should have policies to support research and processing that would used shrimp by-products as high-value products, experts have said.

Economy

VN to reduce pepper area to focus on quality

The pepper industry plans to reduce the area under the spice and focus on improving quality to ensure long-term growth, according to the Ministry of Agricultural and Rural Development.