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SCIC sells shares at Khanh Hoa Seafood Export JSC (KSE)
The State Capital Investment Corporation (SCIC) will sell its shares at the Khanh Hoa Seafood Export Joint Stock Company on July 22, 2020.
According to the notice issued by SCIC on June 30, this corporation will offer 132,200 common shares in blocks at the July auction, representing 8.96 per cent of the total shares at the Khanh Hoa Seafood Export Joint Stock Company.
Domestic and foreign investors can participate in the auction with an initial share price of VND32,200 (US$1.38).
The investors can register to join this auction from June 30 until July 21 at the BOS Securities Joint Stock Company.
The Khanh Hoa Seafood Export Joint Stock Company's core business activities include processing and preservation of seafood products, exploitation of fishery products at sea and inland, and wholesale of food products.
The company’s shares with code KSE traded on the Unlisted Public Company Market (UPCoM) from August 11, 2017.
At present, SCIC holds 8.96 per cent of the Khanh Hoa Seafood Export Joint Stock Company, the second largest shareholder after Tran Thi Tinh which has 134,800 shares equivalent to 9.13 per cent of the company’s charter capital. This company has no foreign shareholders.
This seafood company’s total profit after tax in 2019 reached more than VND6 billion, an increase of 1.82 per cent over the previous year.
On the stock market, KSE shares traded at VND30,900 per cent share on June 30. KSE's market capitalisation is VND35.7 billion.
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