The Board of Directors of Minh Phu Seafood Corporation (Stock Code: MPC) has announced the establishment of a subsidiary in Australia, named MP Seafood Australia Pty Ltd, headquartered in Castle Hill, New South Wales.
The company has a registered capital of 100,000 USD (equivalent to 150,000 AUD) and is wholly owned by Minh Phu. Mr. Phan Vĩnh Hiển, former Investment Director of Minh Phu, has been appointed as the Managing Director, overseeing the operations of MP Seafood Australia Pty Ltd.
As of June 30, 2025, Minh Phu Seafood Corporation (MPC) has developed an ecosystem comprising 16 subsidiaries, spanning aquaculture, seed production, biological products, logistics, and port systems to support its supply chain.
Minh Phu has expanded its global presence with entities such as Mseafood Corporation in the United States and Ebisumo Logistic in Japan, and now with MP Seafood Australia Pty Ltd in Australia.
These subsidiaries play a pivotal role in connecting Minh Phu’s seafood products to key export markets, including the United States, Japan, Australia, New Zealand, Europe, Canada, South Korea, and China.
In terms of business performance, in the first six months of 2025, Minh Phu’s net revenue reached 6,468 billion VND, remaining stable compared to the same period last year and achieving approximately 41% of the annual plan.
However, post-tax profit recorded a remarkable growth, exceeding 173 billion VND, a 287% increase compared to the first half of 2024, and reaching 18% of the 2025 annual plan.
The company attributed this significant profit increase to its proactive efforts in boosting production and sales of value-added products, which enhanced gross profit margins and subsequently increased post-tax profit.
On the stock market, as of the close of trading on September 24, MPC shares were priced at 16,900 VND, with a market capitalization of 6,700 billion VND.
Minh Phú Establishes Subsidiary in Australia
On September 22, the Board of Directors of Minh Phu Seafood Corporation (UPCoM: MPC) approved the establishment of a subsidiary in Australia, MP Seafood Australia Pty Ltd, with a registered capital of $100,000 USD (over 2.6 billion VND). Minh Phu will hold 100% of the subsidiary’s equity.
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