Vietnam Livestock Corporation JSC (VLC), an affiliate of GTNfoods, plans to buy two million shares of Vinamilk, the largest dairy producer of Việt Nam listed as VNM on Ho Chi Minh Stock Exchange (HoSE).
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.
Hanil Feed (005860), a feed manufacturer, has decided
to acquire 8,000,000 shares of GTNfoods Joint Stock Company in Vietnam
for 5.6 billion won (US$5 million) through third-party allotment, it
said on September 19.
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.