June 1, 2009

Vietnam Investment Fund to buy 1 million shares in Minh Phu Seafood in 3 months

Vietnam Investment Fund plans to buy 1 million shares of Minh Phu Seafood Corp. between June 1 and Sept. 1, Vietnam's biggest exporter of shrimp products by market capitalization said in a statement to the stock exchange Friday (May 29).

Following the purchase, VIF, which is under the management of the joint venture BIDV - Vietnam Partners, will raise its stake to 6.38 percent from current 4.96 percent, the statement said.