ASM Registered Charter Raised to VND4 Trillion

Official Letter 6205/UBCK-QLPH dated September 28, 2015 of the State Securities Committee of Vietnam (SSC) said ASM completed its procedures to report its share offering to the SSC. The group successfully distributed over 107 million shares to the public and fetched over VND1 trillion. According to remarks from SSC, ASM issued shares to hike the capital very successfully and spectacularly since 2007. This achievement is rarely seen by companies.

 

“We have seen potential fields of Sao Mai Group in the past and in the future. Our belief is always put in right place,” said investors.

 

In the past years, the group’s development strategy in each stage has shown a clear vision and thinking of the Board of Directors on very attractive projects. “Opportune determinations and decisions are always a secret to success.” Starting from real estate, ASM has gradually expanded into financial investment, project planning, consulting, construction designing, seafood processing, fish-meal production and crude fish oil for export to restaurant, hotel and tourism. Particularly, the group built factories to produce premium-quality Ranee fish oil (first edible fish oil to be brought to kitchen) and process seafood. In October, ASM will start construction on a very modern fish-meal production plant with an annual designed production capacity of 360,000 tonnes, costing over VND500 billion of construction. Needless to say, ASM has helped improve value chains and resolve difficulties of Vietnam’s catfish farming and processing sector. Regarding property, ASM is running 60 projects in 12 provinces and cities nationwide. With respect to seafood, ASM is advancing towards the top place of export seafood processing after surpassing the seventh, the fifth and the fourth positions in Vietnam.

 

After nine successful share issues, ASM has fulfilled its commitment to investors on the right, even smart, use of proceeds for short-term and long-term investments. According to the plan set for 2015, ASM will double its registered capital to VND8 trillion by the end of the year as the group is pursuing many big projects which are surely very attractive to both domestic and foreign investors.