Share Issuing Approved

On Sept. 30, 2008, the State Securities Commission of Viet Nam (SSCV) has approved Sea Minh Hai's share issuing plan to raise its charter capital from VND 40 billion to VND 56 billion.(SSCV's Correspondence No 1953/UBCK-QLPH).
The correspondense is as follows.
 

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Issuing bonus shares

As reported earlier on the issuing of bonus shares to increasing the company charter capital from VND 40 billion to VND 56 billion, Sea Minh Hai officailly announced this plan today. This is somewhat delayed to waite for the approvement of the State Securities Commission of Viet Nam (SSCVN). On Sept 30, the SSCVN has correspondence to Sea Minh Hai not to object Sea Minh Hai's plan to issue the shares to raise charter capital.

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2008 Shareholder Meeting

As informed earlier to all shareholders, the Seaprodex Minh Hai's general 2008 Shareholder Meeting shareholders' meeting was held in the morning of April 19, 2008.

Nearly 40 shareholders were present. They own more than 70% of charter capital (their own shares and/or authorized by other shareholders).

In the meeting the shareholders heard reports of the 2007 business results, 2008 business targets and other important reports:

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Sea Minh Hai Ranks Sixth

Sea Minh Hai ranks sixth in export value.
A recent VASEP five year statistic data based on Viet Nam Customs reveals that the company ranks sixth in the fishery companies in Viet Nam.

It is known that the top 10 companies in this list are (descending order):

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USD 2.8 Bil. Export Target

VN Ministry of Fishery said the fishery export value targeted at USD 2.8 billion.

While the export value of fishery product of VN in 2005 is USD 2.65 billion, a 10% increasing as compare to that of 2004, the new targets for 2006 seem moderate. However to ensure to achieve these targes, it is necessary to concentrate on building strong brands, quality standard conformance and traceability. It is also necessary to expand and dig more into possible markets such as EU, Japan and USA.

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ACC Club founded

ACC (Aquaculture Certification Council) Club was announced its formation in a meeting in Ho Chi Minh City on April 28, 2006. In this meeting the ACC quality management system is introduced to many fishery packers so that they know the system, the BAP (Best Aquaculture Practice), certification procedures and requirements.

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Businessmen celebrated

100 prominent businessmen has been celebrated recently in Ha Noi.

In a live broadcast on Viet Nam national TV chanels, one hundred prominent Vietnamese businessmen has {mosimage} been officially celebrated on October 12, 2006 in Grand Theater in Ha Noi as prominent successful examples of Vietnam businessmen.

These businessmen had been nominated from all locals in Viet Nam and had been selected by a committee based on strict objective criteria out of a list of 586 nominated businessmen.

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