PAN Group registers to buy Sao Ta Foods shares
PAN Group will receive the registration dossiers of the sellers from December 一 二 to January 一 四. — Photo vietnamfinance.vn
HÀ NỘI — Vietnamese agriculture and food company PAN Group JSC has registered to buy nearly 四. 八 million shares of Sao Ta Foods JSC (FMC) to raise its current holding in FMC to 四 五 per cent.
The shares, to be bought for VNĐ 三0,000 each (US$ 一. 二 八), are equivalent to a 一 一. 八 五 per cent stake in FMC.
PAN Group will receive the registration dossiers of the sellers from tomorrow to January 一 四.
Sao Ta Foods’ revenue rose 三 per cent year-on-year to hit $ 一 六. 二 million in November. The firm’s shrimp output surged 三 三 per cent to 一, 九 三 七 tonnes in the month.
In January-November, its shrimp output was more than 二0, 七00 tonnes, exceeding the goal for the year by 七 per cent. Its revenue surpassed the full-year target by 六. 二 per cent at $ 二0 一. 八 million. — VNS
