BaF Vietnam (BAF) contributes VND150 billion to establish a subsidiary in Ninh Binh province
Tuesday, July 15,2025
AsemconnectVietnam - BaF Vietnam Agriculture JSC (code BAF - HOSE) continues to expand its investment by establishing BaF Ninh Binh Food Company Limited.
BaF Vietnam has contributed capital to establish BaF Ninh Binh Food Company Limited (located in Ninh Binh province) with a charter capital of VND150 billion. In which, BaF Vietnam will own 100% of the capital at BaF Ninh Binh, a unit operating mainly in the field of processing and preserving meat and meat products.
On the other hand, previously, BaF Vietnam approved the transfer of the entire VND20 billion, equivalent to 100% of the capital at Xuan Nghi Phat Company Limited, with the expected implementation time in June 2025. In which, the transferee is Mr. Huynh Duy Thai.
It is known that on December 6, 2024, BaF Vietnam passed a resolution on signing a contract in principle with individuals who own 100% of the charter capital of Xuan Nghi Phat Company Limited. However, as of February 26, 2025, this transaction had not been completed at the date of the 2024 Financial Statement, so Xuan Nghi Phat had not been consolidated in the 2024 Financial Statement and the Financial Statement for the first quarter of 2025 did not mention ownership at Xuan Nghi Phat.
In particular, according to the 2024 plan, BaF Vietnam has deposited to buy Xuan Nghi Phat Company Limited, which is a sow farm with a scale of 7,500 sows.
In addition, on February 27, 2025, Xuan Nghi Phat Company Limited was just transferred from Mr. Huynh Duy Thai to BaF Vietnam. At the same time, Ms. Bui Huong Giang was authorized to manage this capital contribution.
In terms of business activities, in the first quarter of 2025, BaF Vietnam recorded revenue of VND1,123.6 billion, down 10% year-on-year, profit after tax of VND133.5 billion, up 12.5% year-on-year and completing 20.9% of the ambitious profit plan of VND638.61 billion in 2025.
N.Nga
Source: VITIC/Tinnhanhchungkhoan
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