Jume 5, 2007

Vietnam's Agifish to issue 3.4 million shares for plant upgrade

Vietnamese seafood exporter Agifish will issue nearly 3.4 million ordinary shares worth 60.7 billion VND (US$3.8 million) to upgrade two of its processing plants.

The Vietnam News Agency says Agifish will use the Saigon Securities Company to issue these shares to investors under a guarantee issuance, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).

Agifish is among the country's leading exporters of "tra" and "basa" catfish and has a chartered capital of 78.8 billion VND (US$4.9 million).