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Submitted by ctv_en_5 on Wed, 10/18/2006 - 09:00
The International Food Joint-stock Company (Interfood) of Malaysia officially began its listing at the Ho Chi Minh City Securities Trading Centre on October 17, becoming the first Malaysian company to be listed on the Vietnamese stock market.

Interfood, with trade code IFS, is the 51st registered company and the fourth foreign-invested one listed on the market.


For its first transaction session, 132,580 IFS shares were sold at a price of US$3.12 per share, reaching a total value of over  US$414,000.

Interfood was set up in 1991 with an initial investment capital of US$1.14 million, which increased to US$13 million in 2005 and US$15.3 million in early 2006. Producing over 200 products, including juices, biscuits, and other canned foods, Interfood earned a revenue of US$32.4 million and an export turnover of US$11.43 million last year.


Interfood products were selected for the top 60 favourite products of foreign-invested companies in Vietnam and granted the High-Quality Made-in-Vietnam Product title for six years in a row.

 

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