AsemconnectVietnam - BaF Vietnam Agriculture JSC (code BAF) has just announced the Board of Directors' resolution on establishing 3 subsidiaries in Tay Ninh with a total charter capital of VND760 billion.

The first subsidiary is named BAF Tay Ninh 1 High-Tech Livestock Company Limited. The charter capital is VND340 billion and is 100% contributed by BAF. The main activities of the enterprise are pig farming and pig breeding.
With the same charter capital and business lines, BAF's second subsidiary is expected to be BAF Tay Ninh 2 High-Tech Livestock Company Limited.
The third subsidiary is BAF Tay Ninh 1 Animal Feed Production Company Limited, with a charter capital of VND80 billion, 100% contributed by BAF. This company operates mainly in the field of producing animal feed, poultry and aquatic products.
All three subsidiaries of BAF are located at 501 30/4 Street, Quarter 1, Ward 1, Tay Ninh City, Tay Ninh Province with a total charter capital of VND760 billion. The expected implementation time is in February 2025.
BAF assigned Ms. Bui Huong Giang, General Director of the Company, to decide all matters and proactively carry out the necessary work to establish the above 3 companies. Ms. Giang is also the authorized representative to manage all capital contributions of BAF, and is the Chairman and General Director of these 3 subsidiaries.
On BAF's side, after signing the cooperation agreement with Muyuan Group, since November 2024, BAF has conducted M&A of 13 companies in more than 2 months. The companies owning land funds and barns are completing legal procedures before proceeding with construction. BAF's continuous acquisition and expansion of farms aims to achieve the goal of 10 million tons of commercial pigs by 2030.
Recently, BAF's Board of Directors approved the last registration date for shareholders to exercise their rights to attend the 2025 Annual General Meeting of Shareholders as March 18, 2025. The meeting is expected to take place in April 2025, and the company will notify shareholders of the meeting time and location in the invitation.
At the meeting, BaF Vietnam plans to report to shareholders on the results of production and business activities in 2024, the production and business plan in 2025 and other contents under the authority of the General Meeting of Shareholders.
N.Nga
Source: VITIC/Tinnhanhchungkhoan