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Update news Minh Phu Seafood
The seafood company of Le Van Quang, dubbed the ‘Shrimp King’, is facing an international lawsuit, and reporting a sharp fall in profit in 2019. However, it still plans to pay hundreds of billion dong worth of dividends.
MPM Investments Pte Ltd, a subsidiary of Japan’s Mitsui & Co Ltd, has acquired 60 million shares in Minh Phu Seafood Joint Stock Company (MPC) to raise its stake in the Vietnamese shrimp processor to 35.1 percent.
Minh Phu Seafood Corporation (MPC) has been listed among the world’s 100 largest seafood companies in 2014, according to the latest report by UK-based Undercurrent News.