DBC plans to sell 55% capital in Dabaco Food

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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.

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

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