Welcome to FIS   Sponsored By
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Hung Vuong and An Giang Fisheries Import and Export JSC are listed on the Ho Chi Minh Stock Exchange

Hung Vuong plans to reduce stake in two seafood processing firms

Click on the flag for more information about Viet Nam VIET NAM
Monday, June 17, 2019, 22:20 (GMT + 9)

Hung Vuong Corporation wants to sell its 90 per cent stake in Hung Vuong Ben Tre Seafood Processing Co Ltd, worth VND180 billion (USD 7.74 million).

In addition, the firm plans to cut its ownership in An Giang Fisheries Import and Export JSC to below 50 per cent from nearly 80 per cent.

Hung Vuong holds more than 22.3 million shares in An Giang Fisheries Import and Export.

Both Hung Vuong and An Giang Fisheries Import and Export JSC are listed on the Ho Chi Minh Stock Exchange with code HVG and AGF, respectively.

Hung Vuong shares fell 4.3 per cent to close Friday at VND 2,900 (USD 0.12) per share. Its shares have plunged total 17 per cent in the last three trading days.

Meanwhile, shares of An Giang Fisheries Import and Export JSC have soared 13 per cent in the last three days to end Friday at VND 4,200 per share.

In May, Hung Vuong sold all of its 3.2 million shares in another affiliate Hung Vuong Song Doc JSC. The value and result of the deal remain unknown.

Hung Vuong has recently announced its revenue halved to VND 2.88 trillion (USD 123.8 million) and the company recorded a loss of VND 134 billion after tax for the first half of its financial year (October 1 to September 30).

The figures were big changes compared to the firm’s financial report, which had stated its revenue was VND 5 trillion and post-tax profit was VND 25 billion for the first half of the financial year.

Therefore, the auditor gave its qualified opinion for the company’s financial report and noted there were significant elements that could lead to the company’s inconsistent operation in the future.

Findings by the auditor also showed the company had not paid debts worth VND 602 billion to the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) as of March 31, 2019.

Selling stakes in subsidiaries and affiliates is considered a temporary move as Hung Vuong is asking its lenders to extend due dates for its debts.

The Ho Chi Minh Stock Exchange on Thursday kept Hung Vuong on the list of special warning and control as the company had suffered losses in the last two and a half years.

The decision was made on January 19, 2018 after the company had reported losses for financial years 2016-17 and 2017-18.

In addition, Hung Voung had failed to compile financial reports for the southern stock exchange since May 28, 2018.

Source:  VNS

[email protected]
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
United States
May 27, 15:20 (GMT + 9):
Alaska salmon fishermen give guidelines on how Covid relief funds can best help them
Japan
May 27, 05:40 (GMT + 9):
Volumes and prices │ Squid and cuttlefish │ Tokyo Markets | 2020
Japan
May 27, 05:30 (GMT + 9):
Volume and prices │ Octopus │ Tokyo Market │ 2020 | Fresh, Frozen, boiled, vinegar and seasoned
Japan
May 27, 05:00 (GMT + 9):
Retail price│Boiled octopus in Tokyo (from 2012 to 2020) | monthly update
United Kingdom
May 27, 04:00 (GMT + 9):
Real Business interviewed pro-Brexit salmon entrepreneur, Lance Forman
Chile
May 27, 03:00 (GMT + 9):
Otros Medios | aqua.cl: Blumar evalúa realizar aumento de capital por US$ 40 millones
Japan
May 27, 02:00 (GMT + 9):
Volume and prices │ Alaska Pollock roe (tarako and mentaiko) | Tokyo Central Fish Market │ Apr/2020
Spain
May 27, 00:00 (GMT + 9):
Otros Medios | Industrias Pesqueras: El Concello de Vigo anima a Conxemar a 'no tomar una decisión' aún sobre la feria
Canada
May 26, 23:00 (GMT + 9):
Salmon expected to begin arriving soon at Fraser River landslide: DFO
Russian Federation
May 26, 18:00 (GMT + 9):
The first new crabber delivered to the customer
Japan
May 26, 18:00 (GMT + 9):
New daily life in the era of the post-coronavirus or the 'New Normal'
United Arab Emirates
May 26, 16:00 (GMT + 9):
Other Media | The Fish Site: The case for grouper aquaculture in the UAE
Worldwide
May 26, 16:00 (GMT + 9):
Evaluating brown seaweed supplementation in feed for Atlantic salmon smolts
Chile
May 26, 15:00 (GMT + 9):
Police seize stolen premium salmon that was going to be exported to the US
Iceland
May 26, 13:30 (GMT + 9):
Other Media | SalmonBusiness: Direct salmon flight between Iceland and China to take off Wednesday



Lenguaje
FEATURED EVENTS
  
TOP STORIES
With remarkable performance Lidl tripled revenue and is about to open its 100th location
United States Although Lidl has been operating in the U.S. market for a relatively short period of time, its growth has been astronomical. In just a few years, the retailer has already reached a triple-digit store ...
Volumes and prices │ Sapporo Central Market | 2019-20
Japan Source: FIS.com | Click to enlarge it [email protected] www.fis.com...
New daily life in the era of the post-coronavirus or the 'New Normal'
Japan The Japanese government has announced the lifting of the state of emergency across the country, which means many people can technically go back to work. However, this lifting doesn’t mean that ...
Volumes and prices │ Squid and cuttlefish │ Tokyo Markets | 2020
Japan Source: FIS.com | Click to enlarge it  [email protected] www.fis.com...
 
Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2020 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER