Vinh Hoan has successfully acquired nearly 50% of capital in Sa Giang

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All 49.89% of the state capital in Sa Giang has been completed and transferred to Vinh Hoan.

According to the Vietnam Securities Depository, on January 22, all more than 3.56 million SGC shares of Sa Giang Import and Export Joint Stock Company were invested by the State Capital Investment Corporation (SCIC). ) ownership transferred to Vinh Hoan JSC (Ticker: VHC).

Before that at the offering of 49.89% state capital in Sa Giang in December 2020, Vinh Hoan was the only investor registered to participate. This is also the reason why the competitive offering is not eligible to hold.

According to the original plan, SCIC wanted to sell Sa Giang with the starting price of 97,500 dong / share, and estimated minimum revenue of 347 billion dong from the divestment.

Regarding Sa Giang, early next February, the company will hold the Extraordinary General Meeting of Shareholders in 2020. The main content revolves around the election of 4 additional members to the Board of Directors and two members of the Supervisory Board.

According to the report, by the end of 2020, the Board of Directors of Sa Giang consists of two Chairman of the Board, 7 members of the Board of Directors and an independent member of the Board of Directors.

Thus, although the time when SCIC transferred shares to Vinh Hoan has passed the registration right to attend the meeting, SCIC can fully nominate Vinh Hoan’s staff to the board of Sa Giang.

In the shareholder structure of Sa Giang, in addition to the state capital that has been transferred, another major shareholder is Ms. Tran Thi Thanh Thuy with 21% of charter capital. Ms. Thuy is currently a member of the Board of Directors of Sa Giang, concurrently holds the position of Deputy General Director of Thien Minh Phuc Co., Ltd., an enterprise operating in the packaging industry.

Source: – Translated by