Lien Viet Seaprodex is headquartered in Kien Giang Province. Source: Lien Viet Seaprodex
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In a notice sent to the Hanoi Stock Exchange (HNX), Lien Viet Seaprodex JSC announced that it had failed to raise bonds as there were no investors who registered to purchase.
The company planned to borrow from the bond issue LV2CH2425001 for a term of 12 months, maturing on 28/06/2025, with a relatively high-interest rate of 11.5% per annum. The bonds are redeemable prior to maturity, with a par value of VND 100 million/bond. The assets secured for the bonds are 3 million common shares of Lien Viet Xanh Food JSC (pledged shares); all rights, ownership, and benefits of the pledgor related to the pledged shares; and any money received from any sale, transfer, assignment, or other disposal of any pledged shares during the security period.
Established in July 2022 in Chau Thanh district, Kien Giang province, Lien Viet Seaprodex is chaired by Mr. Pham Hong Tuan, who also serves as its CEO and legal representative. The company started with a chartered capital of VND 15 billion and operates in the field of seafood processing, import, and export, as well as domestic food supply and cold storage rental.
The largest founding shareholder is Lien Viet Xanh Food JSC (57% capital). Other individual shareholders include Nguyen Khanh Van (15%), Nguyen Ngoc An (20%), Nguyen Thanh Long (5%), and Nguyen Van Dung (3%). In August 2023, Lien Viet Seaprodex’s chartered capital increased to VND 30 billion and then to VND 45 billion in early 2024.
According to the company’s website, it is currently a partner of many familiar F&B brands such as Golden Gate, Kichi-Kichi, Gogi, King BBQ, and Red Sun. Some of Lien Viet Seaprodex’s typical products include squid: sushi, sugata, somen, head, fillet, and sashimi; cuttlefish sushi, matsukasa, fillet, and head. Its export markets include Japan, South Korea, and Europe.
Regarding Lien Viet Xanh, the largest shareholder, it was established in November 2018 in Hoang Mai district, Hanoi, and is engaged in the import and distribution of seafood and food products from brands in Japan, the USA, Australia, and India, among others. Its initial chartered capital was VND 30 billion, contributed by 8 individuals. Mr. Pham Hong Tuan holds the highest proportion with 20%; while Do Hai Son, Le Minh Tuan, Pham Kien, and Tran Trung Giang each own 15%. The remaining shareholders are Nguyen Thanh Long (10%), Nguyen Ngoc Tuan (5%), and Nguyen Pham Nhut Thien (5%).
Lien Viet Xanh’s Leaders. Source: Lien Viet Xanh
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At the beginning of 2022, Lien Viet Xanh increased its capital to VND 60 billion, and then to VND 80 billion at the end of 2023. The company is currently chaired by Mr. Pham Hong Tuan, who also serves as its CEO and legal representative.
In addition to Lien Viet Seaprodex, Lien Viet Xanh’s system also includes Lien Viet Japan Seafood Import and Export JSC, MaxFood Food Import and Export JSC, Lien Viet Xanh Central Food JSC, Lien Viet Seafood Import and Export JSC, 3Brothers Food JSC, Vnice Vietnam JSC, and the Lien Viet Food store chain,… The enterprise also has 4 warehouses in Hanoi, Hai Phong, Ho Chi Minh City, and Nha Trang, as well as factories in Kien Giang province.
Some of Lien Viet Xanh’s Partners. Source: Lien Viet Xanh
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