MINH PHU HAU GIANG SEAFOOD CORP

The subject has existed in this industry for 18 years. Based on our source, it was ranked at the third position in the top 10 companies in the same industry in 2022. Some rivals are Stapimex, Sao Ta Foods, Cases and so on. It belongs to the Minh Phu group’s ecosystem (raw material, farming method advice, finished goods, by-products, chemical, supervise service, software service, probiotics product, testing, disease screening, sales…). Hence, its key policies have pursued the Minh Phu group’s strategies (see news section below).

For management, Mr. Le Van Diep has worked in the Minh Phu group since 2007. In addition, he qualified a bachelor of economics. Meanwhile, Mr. Le Van Quang has 43 years of experience in this field and is a seafood processing technology engineer. In addition, he has been in the Minh Phu group for 32 years. These show that they are familiar with this sector to cascade down the Minh Phu group’s objectives, strategies to Minh Phu Hau Giang to achieve the Minh Phu group’s goal congruence.

For ownership structure, MINH PHU SEAFOOD JOINT STOCK COMPANY (UPCOM: MPC) – ultimate parent company’s major shareholders were MPM INVESTMENTS PTE.LTD, a subsidiary of Mitsui & Co Ltd, - 35.11%, Mr. LE VAN QUANG – 43.92% (direct: 16.08% and indirect: 27.84%) in Jan 2024. The Minh Phu group’s large customers in 2023 were KB Seafood, Censea, H.T Foods, Kailis Bros. The Minh Phu group’s large foreign markets in 2023 were the US – 22.34%, Japan – 21.28%, Australia & New Zealand – 20.49%, EU – 10.2%, Canada – 7.65% and South Korea – 6.09%.