HCM City stock exchange adds fish corporation to board

The Fish Site
by The Fish Site
7 September 2007, at 1:00am

VIET NAM - The HCM City Stock Exchange has listed the An Giang Province-based Cuu Long Fish Corp., coded as ACL, on its board.

It is the sixth aquaculture business at the exchange, with a 9 per cent foreign investment stake.

On the first trading day, transactions were completed for over 217,000 shares of the company, whose chartered capital stands at VND90 billion (US$5.6 million).

The share price was VND81,000, compared to the reference of VND74,000.

According to the deputy general director Nguyen Xuan Hai, the company’s fish export value last year stood at $18 million and the figure is expected to reach $28 million in 2007.

The main markets include the Middle East and Europe.The company is investing around VND360 billion in four new projects, a fish feed plant with an annual capacity of 200,000 tonnes, and a fish processing plant of 150,000 tonne capacity, planned to be completed in April next year.

Source: VietnamNews