HVG: HVG to buy 5 million FMC shares

With the purpose of becoming a strategic shareholder of Sao Ta Foods Joint Stock Company (stock code: FMC), the Board of Directors of Hung Vuong Corporation (stock code: HVG) on January 15 approved the purchase of all shares offered in the private placement by Sao Ta Foods. Hung Vuong Corporation will buy 5,000,000 FMC shares at VND10,500/share. Total transaction value will be VND52,500,000,000; and after the purchase Hung Vuong Corporation will hold 38.46% stake of Sao Ta Foods Joint Stock Company.

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