Chuyên mục: Tin tức cổ đông

Nafoods and new major shareholder shoot for high growth in 2018

Vietnam-focused activist investment company Endurance Capital Vietnam I Ltd. recently decided to increase its ownership in local partner Nafoods by adding a total of 753,958 shares to its current holding, and thereby becoming the latter’s major shareholder with a total of 5.5 per cent of the shares. Founded in 1995, privately-held Nafoods is a globally recognised manufacturer and supplier of fruit ingredients for the local food and beverage processing industry.  Nafoods is the largest exporter of passion fruit juice concentrate in Asia and the number one Gac puree producer in the world. The transaction, in which Endurance Capital Vietnam I buys shares directly from the family of Nafoods’ Chairman Nguyen Manh Hung, took place on the 9th of February through a put-through transaction at market price. “We like owner-operated Vietnamese mid-caps that have the potential to triple their value over 3-5 years–we see this potential, and more, in Nafoods,” said Christopher Beselin, Chairman and Chief Investment Officer of Endurance Capital Vietnam I. “We have worked closely with Nafooods for 1.5 years and seen many positive changes implemented by the company’s management. The VND410-billion ($18.6 million) investment into the new and modern factory that is coming online in the first quarter of 2018 is the most obvious one,…

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