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DBC plans to sell 55% capital in Dabaco Food

Jun 27th at 15:48
27-06-2017 15:48:03+07:00

DBC plans to sell 55% capital in Dabaco Food

Viet 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 Nguyen Như So.

 

Dabaco Food has a chartered capital of VND200 billion (US$8.8 million).

50 per cent of said capital, equivalent to VND100 billion, will be transferred to KDC, 5 per cent to Nguyen 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.

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