Home Companies Capital Increase - M&A

Seafood firms sell assets to stay in business

Jun 21st at 11:23
21-06-2013 11:23:27+07:00

Seafood firms sell assets to stay in business

Viet Nhat Seafood (VNH) yesterday announced it had to sell some of its assets to raise capital for its operation.

 

Specifically, it will sell VND12 billion (US$571,400) in Phu Nhat Canned Food Co Ltd, which has a charter capital of VND36 billion ($1.7 million).

In addition, it had sold a VND54 billion ($2.5 million) property in HCM City to Sai Gon Trading Group earlier this year.

The company expects modest revenue and profits of just VND80 billion ($3.8 million) and VND4 billion ($190,000) for this year.

VNH shares lost 3.8 per cent yesterday to just VND2,500 ($0.10). 

vietnamnews

MOST READ

NEWS SAME CATEGORY

Vietnam's BIDV to issue 510 mln new shares by Sept 2013
CAPITAL INCREASE - M&A Jun 12th at 23:15

Vietnam's BIDV to issue 510 mln new shares by Sept 2013

The Bank for Investment and Development of Vietnam (BIDV) plans to issue about 510 million new shares by September this year to fund a capital increase and dividend...

Credit Suisse buys 13.64% of Hoang Anh Gia Lai
CAPITAL INCREASE - M&A Jun 7th at 13:07

Credit Suisse buys 13.64% of Hoang Anh Gia Lai

Credit Suisse (Hong Kong) Limited announced it had purchased over 73.3 million shares of property developer Hoang Anh Gia Lai (HAG).

PVFC agrees on plan to merge with Western Bank
CAPITAL INCREASE - M&A May 21st at 13:05

PVFC agrees on plan to merge with Western Bank

A majority of the shareholders of the PetroVietnam Finance Join Stock Corporation (PVFC) has agreed upon the plan to have their institution merged with Phuong Tay...

KDC to increase charter capital by issuing shares
CAPITAL INCREASE - M&A May 6th at 21:35

KDC to increase charter capital by issuing shares

Shareholders of Kinh Do Corp have approved an increase in charter capital this year to over VND2 trillion (US$95.5 million) from the current VND1.665 trillion.

PVF plans merger with Western Bank
CAPITAL INCREASE - M&A Apr 24th at 13:19

PVF plans merger with Western Bank

Western Bank issued documents on its long-anticipated merger with PetroVietnam Finance (PVF) late last week, expected to be approved during the bank's annual...

The “cash king” and the multi-trillion dong takeover deals
CAPITAL INCREASE - M&A Apr 16th at 22:27

The “cash king” and the multi-trillion dong takeover deals

The current economic difficulties have brought the golden opportunities to the big tycoons to crush their quarries.

Developer intends to increase charter capital
CAPITAL INCREASE - M&A Mar 28th at 13:13

Developer intends to increase charter capital

Property developer Hoang Anh Gia Lai Co (HAG) announced its public offering of nearly 107.5 million shares at par value to increase its charter capital to VND6.45...

Western Bank to merge with PetroVietnam Finance
CAPITAL INCREASE - M&A Mar 14th at 13:16

Western Bank to merge with PetroVietnam Finance

The merger between Western Bank and PetroVietnam Finance (PVF) is moving ahead after Western Bank released the merging scheme prior to its shareholder meeting this...

Who are the buyers in M&A deals?
CAPITAL INCREASE - M&A Mar 4th at 16:28

Who are the buyers in M&A deals?

Foreign enterprises were believed to be the only investors financially capable enough to take over businesses in merger and acquisition (M&A) deals. However...

Berli Jucker plans Vietnam acquisition
CAPITAL INCREASE - M&A Feb 7th at 10:12

Berli Jucker plans Vietnam acquisition

Berli Jucker Pcl, a leading trading firm controlled by billionaire Charoen Sirivadhanabhakdi, said on Wednesday it planned to acquire a distribution centre in...

Read More

NEW STOCKS

MOST READ

Back To Top