ViseaCorp Holds Annual Shareholder Meeting 2008
Viet- Nhat Seafood Joint Stock Company (ViseaCorp) organised its annual shareholder meeting on April, 28th. Up to this meeting, ViseaCorp’s charter capital grows to VND86.8 billion and its employees expand to 730 people, with total revenue of VND131.818 billion and payout ratio of 11 per cent in 2007. This year, the company has obtained the target set by the annual shareholder meeting 2007 and maintained stable manufacturing and exports though facing the threat of scarce material resources due to escalating material prices.
In 2008, ViseaCorp plans to increase revenue to US$14 million and payout ratio to 12 per cent. It intends to start construction of Phu Nhat canned food factory in May and the project of producing shutchi and yellowtail catfish in Ben Tre province, and develop the network of purchasing materials to meet the increasing demand in the coming time.
Mr Nguyen Van Nhut – Director General, said the company would shift production from canned food to value-added goods, improve management capability and strictly adopt the ISO9001:2000 standard system. ViseaCorp has now completed listing procedures and will officially trade on the HOSE in the third quarter if everything goes smoothly.
Anh Dao
Vietnamese
