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Summary
1/ General Information
Target Company, founded in 1987 under the administration of Da Nang city, evolved into a joint-stock company in 2006.
It ranks among Vietnam’s top 10 shrimp exporters, targeting the US, European Union, Korea, Japan, and other markets.
Assets include land in Da Nang City and Tien Giang Province, with a new operational factory in the latter.
2/ Business Overview
Target Company specializes in shrimp export, facing competition from Indonesia and Ecuador.
It plans to diversify into value-added products to counter market challenges.
Operations encompass farms in Hue City and Ben Tre Province, known for quality shrimp production.
The company’s reputation for reliability secures stable export volumes, exceeding $100 million USD annually.
The Target have been maintaining various quality management certificates such as, BRC, IFC, ISO 14001, ASC, BAP, BSCI.
3/ Financial Information
Export values for 2022 and 2023 stood at 134.23 million USD and 122.24 million USD, respectively, with export amounts of 11,305 tons and 12,566 tons.
Cash flow meets operational needs but lacks for expansion. The new Tiền Giang factory, operational since 2021, enhances production capacity to 4,950 tons/year.
Revenue (USD in thousands)
– 2023: 115,243
– 2022: 124,325
– 2021: 106,830
Operating Income (USD in thousands)
– 2023: 3,096
– 2022: 2,324
– 2021: 1,391
EBITDA (USD in thousands)
– 2023: 4,914
– 2022: 4,352
– 2021: 3,499
4/ Investment Opportunity
Target Company seeks partners for growth, offering flexible ownership structures as follows:
– If an investor acquires over 51% ownership: shares are priced at 45,000 VND per share.
– If an investor acquires below the aforementioned majority stake: shares are priced at 40,000 VND per share.
Company Profile
| Type of Business | Manufacturing |
|---|---|
| Place of Business | Vietnam |
| Years Since Establishment | 25-50 years |
| No. of Employees | 500+ employees |
Financial Overview
| Annual Revenue | 100-250M USD |
|---|