A Minh Phu Seafood Corporation production line. The corporation plans to issue 2,500 non-convertible bonds to raise working capital. — VNA/VNS Photo Huynh The Anh

HA NOI  (Biz Hub) — Minh Phu Seafood Corporation JSC (MPC) may decide to issue 2,500 non-convertible bonds for periods of three years or more at the annual shareholders meeting on April 18.

MPC also plans to offer 30 million shares for at least VND100,000 each under private placement between 2015 and 2016 to funds, companies, domestic and foreign investors.

The revenue collected from the offering will be used to purchase fixed assets and invested in the firm's global shrimp and fish production chain.

This year, the company is targeting VND19.3 trillion (US$892 million) in total revenue, which will then result in a pre-tax and an after-tax profit of VND1.58 trillion ($73.1 million) and VND1.4 trillion ($65.5 million), respectively.

The company also plans to achieve $896 million in combined export turnover and export total 60,750 tonnes of processed shrimps.

Last year, MPC invested VND4 billion ($185,000) to hold 48.7 per cent of Minh Phu Aquamekong Seafood Raising Techniques and Services Company.

It also funded VND2 billion to found a subsidiary named Minh Phu Seafood Supply One Member Company, and dissolved Minh Phu Seafood Raising One Member Company.

MPC last year recorded an export turnover of $729 million and total export volume of 47,570 tonnes. The United States and Japan were the two largest markets. MPC recorded export values of $284 million and $155.3 million, respectively.

The firm's total revenue was VND15 trillion ($694.4 million) and the pre-tax profit for the holding company's shareholders was VND755 billion ($35 million).

The firm's earning per share (EPS) was VND10,930. MPC plans to pay a dividend of VND687 billion ($31.8 million), equal to VND10,000 per share. The dividend will be paid in two stages with VND5,000 per share each stage. — VNS