DBC plans to sell 55% capital in Dabaco Food

Tuesday, Jun 27, 2017 14:15

Workers in the processing meat products in Dabaco Food factory. — Photo dbcfood.com

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. — VNS

Comments (0)