PAN Group Joint Stock Company (stock code: PAN), a subsidiary of Bibica Corporation (stock code: BBC), has announced the establishment of Bibica Capital LLC with a charter capital of VND 1,645 billion. The capital contribution is made through 18.4 million BBC shares. Concurrently, Bibica will proceed to delist its shares (BBC) and revoke its public company status.
Headquartered in Ho Chi Minh City, Bibica Capital operates in financial support services and management consulting. The valuation of the contributed BBC shares is based on the average trading price of BBC shares over the 30 consecutive days preceding the valuation date (from September 19, 2025, to October 30, 2025), at VND 89,237 per share.
According to PAN Group, the capital contribution will be completed within 90 days from the date Bibica Capital receives its business registration certificate. Mr. Đinh Tiến Hoàng, CEO of Bibica, will represent 100% of the contributed capital and serve as the legal representative of Bibica Capital.
In September, Bibica held an extraordinary shareholders’ meeting, approving the deregistration of certain business lines, the revocation of its public company status, and the delisting of its securities. The meeting also adjusted the profit distribution ratio and approved a 20% cash dividend for 2024.
Bibica’s confectionery brand is well-known in Vietnam.
Bibica is one of Vietnam’s leading confectionery manufacturers and distributors, with a highly recognizable brand among consumers. The company produces over 20,000 tons of confectionery products annually.
PAN Group finalized its acquisition of Bibica after years of competition with Lotte for control. In the final public tender offer in 2022, PAN Group invested approximately VND 524 billion to increase its ownership stake to 98.3%, ending shareholder disputes and fully integrating Bibica into PAN’s ecosystem.
Separately, Indonesia’s consumer goods conglomerate Sari Murni Abadi (SMA), owner of the Momogi snack brand, announced its intention to acquire Bibica from PAN Group. The transaction value remains undisclosed.
PAN Group confirmed that both parties are in negotiations, but no specific details have been released.
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