Baf Vietnam to acquire 100% stake in Hung Phat Farm One

Baf Vietnam Agriculture Joint Stock Company (BAF) has announced a resolution to acquire the remaining 75% stake in Hung Phat Farm One Co., Ltd. The company will purchase the entire capital contribution held by Mr. Nguyen Tran Tuan Cuong for 162 billion VND.

Following the transaction, Baf Vietnam's ownership in the Gia Lai-based enterprise will increase from 25% to 100%, resulting in the conversion of Hung Phat Farm One into a single-member limited liability company owned by BAF. The livestock firm, established in 2021, specializes in pig farming and breeding.

Additionally, Baf Vietnam plans to implement an Employee Stock Ownership Plan (ESOP) for 2026. The company intends to issue 8 million shares at a par value of 10,000 VND per share, totaling 80 billion VND, to supplement working capital and incentivize employees.