Thai food giant Charoen Pokphand Foods has green-lighted its Vietnam subsidiary’s plans to list its shares on the Ho Chi Minh Stock Exchange.
CPF has made a filing with the Stock Exchange of Thailand, but details are unavailable about plans for an IPO and others.
C.P. Vietnam gets around 70 percent of its revenues from processed and fresh pork and chicken products.
It built its first processing plant in Vietnam in 1993 and now has nine around the country.
Vietnam’s stock exchanges have eight foreign companies listed on them, and they account for 0.3 percent of their market capitalization.
Another foreign firm, Japanese retailer Aeon, has announced its intention to list in Vietnam.