Vietnam’s Halong Canned Food Co (Halong Canfoco) plans to sell 129,120 shares from its reserves next week to raise cash to expand production capacity, the Stock Exchange revealed on Saturday.
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Based in Haiphong, Halong Canfoco cans fish products and other foods, as well as producing animal feed.
The shares will be available for purchase from 2 May, with ACB Securities hired to handle the sales. At Friday’s closing price, the sale of the shares would raise Ð3.3bn (US$216,800), reported Reuters.
