Baf Vietnam Agricultural Joint Stock Company (Stock Code: BAF) has announced its decision to establish a subsidiary named Baf Ninh Binh Food Company with a charter capital of 150 billion VND. The subsidiary will be 100% owned by Baf Vietnam and will be located in Yen Lenh Industrial Cluster, Ninh Binh, expected to begin operations in July 2025. The main business sectors of Baf Ninh Binh include meat processing and preservation, real estate trading, and ready-to-eat food production. Mr. Truong Anh Tuan has been designated to lead the establishment of the subsidiary and will serve as its Chairman and CEO. Additionally, Baf Vietnam has also decided to transfer its entire investment in Xuân Nghi Phát LLC (20 billion VND) to Mr. Huynh Duy Thai, with the transfer planned for June 2025. Xuân Nghi Phát primarily operates in home construction and livestock farming.
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