Interfood sets up three subsidiaries

Thursday, May 22, 2008
The Ho Chi Minh City Stock Exchange (HOSE) on May 20 reported that International Food Joint Stock Co (Interfood) has received investment licenses for its three subsidiaries including International Food Packaging Joint Stock Co (Interfood Packaging) with the total investment capital of 513.6 billion dong and chartered capital of 160.05 billion dong. Of which, Interfood holds 90% of total shares.

Interfood Packaging is expected to start operation by February 2009.

The second one is the Northern International Food Joint Stock Co (Northern Interfood) with the total investment capital and chartered capital of 583.2 billion dong and 178.2 billion dong respectively. Of which Interfood also owns 90% of chartered capital. The company plans to begin operation by March 2009.

The last one is Ava Food Joint Stock Co, which was transferred from Ava Food Industry Joint Stock Co with the total investment capital and chartered capital of 259.2 billion dong and 81 billion dong respectively. In which, Interfood owns 90% of total shares.