Changes in top personnel at firms in early 2021 08:57 | 26/02/2021
Vinh Hoan Corporation has become major shareholder at leading prawn cracker maker SGC from late January 2021
In late January 2021, Sa Giang Import Export Corporation (SGC), a leading prawn cracker maker in the country based in Dong Thap province in the Mekong Delta, completed selling a 49.89 per cent stake to Vinh Hoan Corporation, a leading producer of tra fish (Pangasius) also based in Dong Thap, through a deal valued at around VND348 billion ($15.13 million).
Together with a batch of 100,000 SGC tickers earlier bought in the stock exchange, Vinh Hoan officially became the majority shareholder of SGC with the ownership ratio reaching 51.29 per cent as of January 22, 2021.