Vice Chairman of Vietnam’s Leading Seafood Company: I Decided to ‘Go to War’ to Save Shareholders, Buying Until Stocks Can’t Drop Any Further

The Vice Chairman of the Nam Viet Seafood Company (Navico, stock code ANV) has sent a letter to shareholders regarding the impact of a 46% tax from the U.S. on Vietnamese goods. He stated that after an emergency meeting, the company would expand its markets and cut costs to maintain production. Mr. Doan Toi announced plans to buy 3 million ANV shares starting April 9 and will continue purchasing if the stock price declines. He urged shareholders to remain confident in this stock, believing that ANV has great potential this year and in the years ahead.