ex. Game, Music, Video, Photography

Moc Chau Milk wants to allow 100 percent foreign ownership

Moc Chau Milk, a subsidiary of Vietnam's biggest dairy company Vinamilk, wants to increase its foreign ownership cap to 100 percent in order to raise funds.

Ngày đăng: 14 tháng 9, 2021
Cập nhật: 3 tháng 1, 2023
Lượt xem: 310866555
Nguồn: vnexpress

It seeks to do this by removing some business registries in which the government restricts 100 percent foreign ownership, such as wholesale trade of fertilizer and pesticides.

A company statement said it is seeking shareholders’ approval for plans to raise funds for expansion. It plans to issue more shares to existing shareholders this year to raise 1.2 trillion ($52 million), which will be used to invest in a farm with a capacity of 4,000 cows, upgrade the existing farm and build a new factory.

It is also eying a listing on Vietnam’s main bourse, the Ho Chi Minh City Stock Exchange, within nine months after it receives shareholders’ approval.

Moc Chau Milk became a subsidiary of dairy giant Vinamilk in December last year. At that time, Vinamilk had more than half the nation’s dairy market share, and Moc Chau Milk had 9 percent.

Mai Kieu Lieu, CEO of Vinamilk and chairwoman of Moc Chau Milk, had said earlier that Vinamilk has a strong distribution network in the south that will help Moc Chau Milk, which is based in the northern province of Son La, to expand nationwide.

Vietnam’s dairy market value rose 8.9 percent to VND121 trillion ($5.2 billion) last year, according to market research firm Euromonitor.


Từ vựng liên quan

Tin tức liên quan

 HCMC plans to remove barriers, travel permits by end-September
news 26/09/2021

HCMC plans to remove barriers, travel permits by end-September

news | 339326561

Authorities in HCMC have agreed to remove barriers in the inner area and abolish travel permits by September 30 as the city prepares to enter the new normalcy.

 Vietnamese films set new revenue records
life 27/03/2021

Vietnamese films set new revenue records

culture | 105926595

Four films have crossed the VND100 billion ($4.3 million) mark so far this year, one of them the highest grossing Vietnamese film of all time.

 Giant pandas no longer
world 21/04/2021

Giant pandas no longer 'endangered'

world | 192506588

The status of giant panda changed from "endangered" to "vulnerable".

Four murders and a bloody battle for land rights in Thailand
news 14/09/2021

Four murders and a bloody battle for land rights in Thailand

news | 310386561

Supot Kalasong was driving home one afternoon in April when he heard a bang and assumed he had blown his newly-patched tire.

Automobile sales accelerate through April
business 20/09/2021

Automobile sales accelerate through April

markets | 328776567

April’s car sales in Vietnam saw an on-year increase of 42 percent to touch more than 25,000 units, said the Vietnam Automobile Manufacturers’ Association.

 Vingroup gets approval for vaccine production plant in Hanoi
business 03/08/2021

Vingroup gets approval for vaccine production plant in Hanoi

companies | 230086582

Vietnam’s biggest conglomerate, Vingroup, has received approval to build a vaccine production facility in Hanoi.

Vietnamese citizens to get five-year multi-entry visas to South Korea
news 16/09/2021

Vietnamese citizens to get five-year multi-entry visas to South Korea

news | 319476567

A new visa policy for Vietnamese citizens has been called a reciprocal gesture by the South Korean ambassador to Vietnam.

 Sun Life Vietnam signs deal with California Fitness & Yoga to sell insurance products
business 27/03/2021

Sun Life Vietnam signs deal with California Fitness & Yoga to sell insurance products

business | 107956609

Sun Life Vietnam Insurance Company Limited and California Fitness & Yoga on October 10 announced a partnership to provide a suite of insurance products to the latter’s members nationwide.

Infant nCoV patient a new infection path in Vietnam: expert
news 17/09/2021

Infant nCoV patient a new infection path in Vietnam: expert

news | 322006558

With a three-month-old baby getting infected, the novel coronavirus epidemic has entered new transmission territory in Vietnam, an expert says.

State investment agency to auction stake in prawn cracker maker
business 24/09/2021

State investment agency to auction stake in prawn cracker maker

companies | 337576552

The State Capital Investment Corporation will auction its entire 49.89 percent stake in prawn cracker maker Sa Giang Import-Export JSC.

Link Tài Trợ - Sponsored Links

Công Thức Vật Lý
Loading…