The Hung Vuong Seafood Company (HVG) said it plans to issue 30 million shares to a Singaporean partner at the price of VND 30,000 (USD 1.42, EUR 1.06) per share at minimum.
Meanwhile, a senior executive of Minh Phu Group JSC has said Minh Phu — Hau Giang Seafood Processing Company Ltd (MPHG) where Minh Phu holds 90 percent of capital, would turn into a joint stock company after the issuance of 26.5 million shares. The share issuance would help raise the chartered capital from VND 600 billion (USD 28.5 million, EUR 21.2 million) to VND 866 billion.
Prior to that, Minh Phu refused the cooperation deal with a Thai partner CP Foods, despite the offered high share price at VND 50,000 (USD 2.37, EUR 1.77).
