Welcome to FIS   Sponsored By
United States
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

editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
Norway
Nov 15, 21:10 (GMT + 9):
Mowi, SalMar and Grieg Seafood face criminal investigation in the US
Canada
Nov 15, 18:10 (GMT + 9):
Canada’s fish populations are declining and urgent action is needed, Oceana warns (Video)
Norway
Nov 15, 08:00 (GMT + 9):
IN BRIEF - MOWI ASA Press Release: Update on the allegations of collusion
Norway
Nov 15, 07:40 (GMT + 9):
Official data on markets and prices for Atlantic salmon exports (Salmo salar) - W45
Worldwide
Nov 15, 07:10 (GMT + 9):
Weekly movements of fishmeal and fish oil (Norway, China, Peru) - W45
Argentina
Nov 15, 07:00 (GMT + 9):
Greenpeace confronts South Korean fishing vessel in the South Atlantic
United Kingdom
Nov 15, 05:20 (GMT + 9):
PRESS RELEASE: It’s time for ICCAT to deliver meaningful change
European Union
Nov 15, 04:00 (GMT + 9):
Unclear EU fishing deals compromise local food security and sustainable seafood
Namibia
Nov 15, 00:10 (GMT + 9):
Two Namibian ministers resign over bribe allegations involving Icelandic fishing company
Iceland
Nov 15, 00:00 (GMT + 9):
Samherji CEO steps aside while investigations are ongoing
United Kingdom
Nov 14, 20:30 (GMT + 9):
Aqua-Spark invests in Scottish aquaculture equipment supplier
Norway
Nov 14, 19:00 (GMT + 9):
IN BRIEF - Conflicted Norwegian proposals for NEAFC ban on combination shrimp gear
Chile
Nov 14, 19:00 (GMT + 9):
IN BRIEF - Strike brings more disruption to Chilean salmon plants
China
Nov 14, 19:00 (GMT + 9):
IN BRIEF - Shanghai Kaichuang Marine International's Unit Plans To Acquire Spain's Albo
Denmark
Nov 14, 19:00 (GMT + 9):
IN BRIEF - Fishing companies donate millions to new Kongsberg Fishery Simulator in Greenland



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Fishermen report good shrimps catches and very good sizes in Chubut waters
Argentina The catch of the first week of the season show a predominance of (L1 (10/20 PCs per kg), L2 (20/30 PCs per kg)and L3 (30/40 PCs per kg) in that percentage order. The Pleoticus muelleri that reaches th...
Mediterranean countries commit to fight IUU fishing and preserve threatened ecosystems
Greece General Fisheries Commission for the Mediterranean adopts measures to increase transparency, protect threatened corals and preserve breeding grounds Athens- Oceana applauds decisions to increase fis...
Antidepressants polluting the water can change fish behavior
Australia The Monash scientists who found that pharmaceutical pollutants in waterways altered reproductive behavior, anxiety levels, activity and antipredator responses of fish have now discovered for the first...
Suspected illegal shark catch found on foreign fishing vessel apprehended off Darwin
Australia An Indonesian fishing vessel has been apprehended northeast of Darwin, Northern Territory, for suspected illegal fishing in Australian waters. On 3 November 2019, Maritime Border Command (MBC), a m...
 
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 Ltd (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) -Headquarter-
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 - 2019 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER