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Temasek to hold 10% in leading local seafood company

VIET NAM - Singaporean-based investment company, Temasek Holdings Limited, will hold 10 percent in Minh Phu seafood joint stock company.

An agreement to this effect was signed between the two companies in Ho Chi Minh City on June 13.

Minh Phu is one of Vietnam's leading shrimp processing and export companies with an annual export turnover of 150 million USD.

The company, which officially listed its shares worth 3.3 trillion VND on the Ha Noi Securities Trading Centre, is also active in fish breeding and export.

With its rich experience in business management, Temasek Holdings is expected to help increase Minh Phu's position in international market, said Le Van Quang, Minh Phu's CEO.

According to Temasek Holdings Viet Nam chief representative Wong Heng Tew, Viet Nam is one of the most successful economic developing countries Asia and his company will seek for further investment opportunities in the country.

Temasek Holdings, one of Asia's largest investment companies, now pours 80 billion USD into various investment projects, focusing on telecommunications and communications, financial services, real estates, logistic, energy and natural resources, infrastructure, construction, technology and consumer goods.