Vegetarian pig tycoon announces unusual information

BAF is a famous company in the market with the brand name "vegetarian pigs", 100% of pig feed is made from plants and vegetable protein sources researched and produced by this company - Photo: BAF

Mr. Truong Sy Ba - Chairman of the Board of Directors of BAF Vietnam Agriculture Joint Stock Company (stock code BAF) - has just announced unusual information on behalf of the company. The content was shared by the Ho Chi Minh City Stock Exchange (HoSE).

Selling stocks below market price, collecting more than 1,000 billion VND

Accordingly, BAF Vietnam Agriculture said it had just offered 65 million BAF shares, at a price of VND15,500/share, which is lower than the market value of this code (around VND33,000/share). But with the condition that the transfer is restricted within one year from the offering.

At the end of the first offering, 53.5 million shares were purchased by investors (accounting for 85.3%). Thus, up to 11.5 million shares remained unsold because investors did not buy all of them or refused to buy the registered quantity.

With the above developments, the company quickly implemented a plan to continue selling all remaining shares to 15 individuals who are professional securities investors, also at a price lower than the market and with the above conditions.

Closing the books yesterday, BAF Vietnam Agriculture successfully offered a total of 65 million shares, raising VND1,007.5 billion. Thereby increasing its charter capital from VND2,390 billion to over VND3,040 billion.

Increase investment in pig farming

According to the plan, after completing the sale of more than 65 million shares at a price lower than the market with constraints, the company will use VND1,007.5 billion to serve production and business activities.

Specifically, the company plans to use VND557.5 billion to supplement capital for pig farming, including costs for purchasing feed, additives, and raw materials for pig farms. At the same time, VND450 billion will be used to supplement costs for purchasing breeding pigs, weaned pigs, and gilts to serve the farms.

In the context of the current sharp increase in pork prices, the business activities of pig farming "giants" are also of interest.

In the past year, the company achieved more than 5,550 billion VND in revenue and nearly 324 billion VND in net profit after tax, corresponding to an increase of approximately 7% and 970% respectively compared to the previous year.

As of the end of the year, the company had assets of nearly 7,500 billion VND, liabilities of more than 4,500 billion VND, while equity was more than 2,900 billion VND.

This "tycoon" is in the top 5 largest livestock enterprises in Vietnam (2023), with a vision of reaching the top 3 by 2030.

BAF currently owns a system of modern farms in many provinces and cities such as Thanh Hoa, Phu Yen, Dak Lak, Binh Thuan, Binh Duong, Vung Tau, Binh Phuoc... Aiming to operate a safe closed chain, sharing with farmers to provide clean pork products.

On the stock market, BAF code is currently at VND33,150/share, down slightly during the day, similar to the general market movement. In the past year, this code has increased by more than 65%.

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Source: https://tuoitre.vn/dai-gia-heo-an-chay-cong-bo-thong-tin-bat-thuong-20250326191334796.htm