BAF Vietnam Agricultural Joint Stock Company (BAF-HOSE) has just announced the release of a document to collect shareholder opinions in writing.
Specifically, BAF Vietnam has submitted to the General Meeting of Shareholders a plan to issue 65 million private placement shares at VND 15,500/share for professional securities investors (with no quantity limit).
The VND 1,007.5 billion raised will be used to purchase VND 557.5 billion worth of bran, additives, and raw materials to serve pig farms, and VND 450 billion to buy piglets/weaned pigs/breeding pigs. The disbursement period is from Q4 2024 to Q4 2025.
Currently, BAF has 239 million circulating shares, and after this issuance, the number of shares will increase to over 304 million. 
On October 8, BAF closed at VND 22,200/share, 43% higher than the issuance price.
According to BAF, the company currently has a herd of 11,000 grandparent and great-grandparent sows and over 38,000 parent sows, equivalent to 1 million piglets and commercial pigs. The farm system has 36 modern pig breeding and pig-raising farms that are operational and spread across the country.
BAF aims to reach 1.5 million commercial pigs sold to the market in 2025 and 10 million in 2030. The target for the breeding herd is 400,000 pigs by 2030, aiming to be in the Top 3 leading livestock companies in Vietnam.
Previously, on September 16, 2024, BAF Vietnam strategically cooperated with Muyuan Livestock and Food Group (Muyuan Foods Co., Ltd. – China) to receive the transfer of intelligent livestock farming equipment technology, applying artificial intelligence in the operating process throughout the livestock chain to ensure biosecurity and environmental friendliness.
Mr. Truong Sy Ba, Chairman of BAF’s Board of Directors, said, “The cooperation between BAF and Muyuan marks the beginning of a different journey in the future. We hope to not only stop at the transfer of cage technology, biosecurity, and environmental solutions but also to continue to expand cooperation in many other fields to promote the development of the livestock industry together. modern and innovative.”
According to the announcement, one of the most important technologies that Muyuan will transfer to BAF in the future is the multi-story cage technology and the new cage technology, which will allow BAF to increase its target to 10 million commercial pigs by 2030.
According to the semi-annual 2024 financial report, BAF Vietnam recorded revenue of VND 2,613.19 billion, up 8.6% over the same period (VND 2,406.43 billion); and after-tax profit reached VND 154.61 billion, up 11.09 times over the same period (VND 11.57 billion).
In 2024, BaF Vietnam continues to set an ambitious plan with a 6.6% increase in revenue to VND 5,543.9 billion and expected after-tax profit to increase by 893.2% to VND 305.9 billion.
Thus, with after-tax profit of VND 154.61 billion in the first half of 2024, BaF Vietnam has completed 50.5% of its annual plan.
Presenting an Enticing Offer: BAF Proposes the Sale of 65 Million Shares at VND 15,500 Each
The amount of VND 1,007.5 billion raised will be used to purchase feed, additives, and materials for pig farms (VND 557.5 billion) and to invest in piglets, weaners, and breeding pigs (VND 450 billion). The disbursement is planned for Q4 2024 through Q4 2025.
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