A fund management company wants to divest capital at Seaprodex

Red Capital Investment Fund Management Joint Stock Company has registered to sell all 18 million SEA shares, representing 14.4% of the capital of the Vietnam Seafood Corporation (Seaprodex) from August 14 to September 5. Ms. Đỗ Thị Phương Lan, General Director of Red Capital, is also a member of Seaprodex’s Board of Directors. When purchasing on August 6, 2024, SEA shares were traded at 28,710 VND and have now increased to 38,000 VND, potentially yielding an estimated profit of over 149 billion VND after one year. Seaprodex also has SCIC holding 63.38% and Gelex holding 9.52%. In Q2 2025, Seaprodex recorded revenues of 195.6 billion VND, up 5%, and a net profit of 62.6 billion VND. Cumulatively in the first half of 2025, revenues reached 336 billion VND, up 8%, and profit was 108 billion VND, up 6%. Seaprodex’s 2025 plan includes total revenue of 155.58 billion VND, up 8.4%, pre-tax profit of 77 billion VND, and a dividend of 5%. As of June 30, 2025, Seaprodex’s total assets reached 2,784.6 billion VND, including significant assets related to land use rights in a prime location in Saigon.