Viet Nam Dairy Products Joint Stock Company (Vinamilk) has offered to purchase more than 116 million shares of GTNFoods Joint Stock Company (GTN) as GTN indirectly holds shares in Moc Chau Milk.
Viet Nam Livestock Corporation JSC (VLC) announced that it allowed local
food maufacturer GTNFoods (GTN) to buy a 65 per cent stake in the
company at the 2016 general shareholder meeting.
GTNFoods (GTN) has increased its foreign holdings ratio to the maximum
level of 100 per cent. The company will also stop using its former name,
Thong Nhat Investment and Manufacturing JSC, and will now use GTNFoods
as its official name.