Sa Giang to raise VND 464.59 bn for new agricultural processing venture

Sa Giang Import Export Corporation (SGC) announced an extraordinary general meeting of shareholders on November 3, 2025, approving a plan to offer additional shares to existing shareholders. The company aims to increase its charter capital by VND 71,475,800,000, bringing the total to VND 142,951,600,000 after the offering. The total value of the shares offered is estimated at VND 464,592,700,000, with an asking price of VND 65,000 per share, based on a 1:1 rights exercise ratio.

The proceeds from this capital raise, totaling VND 464,592,700,000, are primarily earmarked for contributing capital to Hoan Ngoc Food Agricultural Corporation. This investment will fund Hoan Ngoc's new factory project for agricultural product processing, a strategic move to diversify and expand Sa Giang's product offerings. Hoan Ngoc is a newly established company in 2025, operating in an industrial cluster, focusing on rice and agricultural products.

The board of directors has been authorized to manage all aspects of the offering, ensuring compliance with legal regulations and shareholder interests. This includes the flexibility to adjust the capital use plan based on the company's operational needs and market conditions.