Minh Phu Offering 50 Percent Stake in Company to Fund Global Shrimp Expansion
SEAFOODNEWS.COM [Bloomberg News] By Chau Mai - January 29, 2015 -
Minh Phu Seafood Corp., which sells black tiger shrimp to Costco Wholesale Corp. and Wal-Mart Stores Inc., will seek to sell half of itself to foreign strategic investors to help fund overseas expansion.
“If we stay on the Ho Chi Minh Stock Exchange, we can’t raise enough target capital,” said CEO Quang, who plans to raise the company’s registered capital 20 percent to 840 billion dong.
A dozen foreign investors from the U.S, Japan and Canada have expressed interest in the stake sales, Quang said...
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