SCIC Continues Efforts to Divest from Mekonimex
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Accordingly, SCIC is offering over 10.8 million shares, equivalent to 98.31% of Mekonimex’s charter capital, through a single lot auction with a starting price of nearly VND 295 billion, or VND 27,256 per share.
The information provision period for the auction is scheduled from December 22, 2025, with the auction set for 9 a.m. on January 15, 2026. Eligible participants include domestic institutional and individual investors.
This is not the first time SCIC has attempted to divest from this agricultural enterprise. In late 2017 and early 2018, the same capital portion was repeatedly announced for auction but failed due to a lack of investor interest. The starting price at that time was only slightly above the par value.
Can Tho Agricultural and Food Export Joint Stock Company (Mekonimex) originated from the Hau Giang Import-Export Processing Partnership established in 1980. It transitioned to a state-owned enterprise named Import-Export Processing Company in 1983. The company was later renamed Hau Giang Agricultural and Food Export Company (1986), Can Tho Agricultural and Food Export Company (1992), and Can Tho City Agricultural and Food Export Company (2004).
A significant milestone occurred in 2010 when the company underwent equitization and was renamed Can Tho Agricultural and Food Export Joint Stock Company, with a charter capital of VND 110 billion. By 2013, the Can Tho City People’s Committee transferred the state capital in Mekonimex to SCIC for management, which continues to this day.
Currently, Mekonimex is headquartered in Ninh Kieu District, Can Tho City. The company operates in the production, processing, trading, and export of agricultural products, food, rice, and post-rice products, as well as providing warehouse and yard rental services.
The company operates multiple facilities, including the Thoi Thanh rice export processing plant, the Thanh Thang rice milling plant, a packaging production and trading workshop, and a cluster of warehouses and factories for rent.
– 09:33 17/12/2025
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