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BAF set to acquire pig farming firm in southern Vietnam

The Saigon Times

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HCMC – BAF Vietnam Agriculture JSC, whose BAF shares are listed on the Hochiminh Stock Exchange (HOSE), plans to expand its business in Tay Ninh Province by acquiring a pig farming firm there.

BAF has passed a plan to buy more shares in Tay An Khanh JSC to raise its ownership in the latter to 99.9%.

Tay An Khanh Company, located in Tan Bien District, Tay Ninh Province, is a pig farming business founded in May 2021.

As of February 2022, the charter capital of Tay An Khanh Company was VND20 billion. Its legal representative is Nguyen Cuu Long. Long is also the legal representative of several companies, including Long Hung Import-Export and Investment JSC, Long Hung-Nhu Xuan JSC, and An Tay Ninh Co., Ltd.

Regarding BAF, it had 18 subsidiaries active in the husbandry, slaughtering, and meat processing sectors as of the end of last year, including 10 in Tay Ninh Province.

Closing the trading session today, February 15, BAF improved 0.53% against the previous session at VND19,050.

The benchmark VN-Index of HOSE gained 9.56 points, or 0.92%, over the session earlier at 1,048.2, with advancers outnumbering decliners by 326 to 97.

Trade on the southern bourse jumped 49% in volume and 48% in value versus yesterday at over 584 million shares worth more than VND9.8 trillion, including some VND1.9 trillion worth of shares traded in block deals.

Real estate developer NVL led the southern market by liquidity with nearly 52 million shares changing hands.

On the northern bourse, the HNX-Index added 3.11 points, or 1.52% day-on-day at 207.97, with 117 stocks rising and 55 others dipping. The Hanoi market saw over 61 million shares valued at around VND1 trillion traded, up 61% in volume and 80% in value compared to the previous session.

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