On the morning of 25 August, Binh An Seafood Joint Stock Company (Bianfishco), the Saigon Hanoi Commercial Joint Stock Bank (SHB), and the Debts and Assets Trading Corporation under the Ministry of Finance (DATC) held a press conference to announce that from now on SHB will be involved in restructuring all activities of Bianfishco.
Tran Van Tri, CEO of Bianfishco, said that though it took a long time to submit all required documents and complete necessary procedures, Can Tho City has now officially certified a new business registration license for the Binh An Seafood Joint Stock Company (Bianfishco).
The new license stipulates that Saigon Hanoi Commercial Joint Stock Bank, which is the largest shareholder with 50 percent stake, will oversee operations of the company from now on.
Tri added that as per the new license, he is the legal representative of the company, replacing his wife Pham Thi Dieu Hien, former director of Bianfishco. Furthermore, he will prioritize repayment of all farmers back debts, who had not yet received payments for catfish they had sold to Bianfishco many months ago.