2015 elapsed with existing challenges to the economy and the domestic business community. But, for Sao Mai Group, 2015 was a year of breakthrough as it made much progress on the market, substantiated by its effective big projects. The following is Top 10 events of Sao Mai Group in the past year.
1. Work starts on VND500 billion fishmeal processing plant
Commenced in October 2015 in Vam Cong Industrial Complex, Dong Thap province, the factory, situated on an area of 5 ha, has capacity of 60 tonnes an hour output, or 360,000 tonnes a year - enough to meet the group’s fish feed demand for its aquatic farms in the next five years. The VND500 billion facility has a modern design, with advanced technological and equipment systems imported from world-renowned Stolz (France), Andritz (Denmark) and Famsun. The project is part of the group’s inclusive aquaculture and processing investment strategy and a step in the roadmap of building closed catfish production to enhance sustainable value chains to create a solid foundation for the group to grasp opportunities when the TPP door is officially opened.
2. DAT successfully floats shares on HOSE
Trisedco Company, a member of Sao Mai Group, officially listed its shares, ticker DAT, on the Ho Chi Minh City Stock Exchange (HOSE) on November 5, 2015. Trisedco floated 38.1 million shares with a par value of VND10,000 and set a starting price of VND13,000, with a trading band of 20 per cent on the either side on the first trade date. The listing drew the interest of financial investors because Trisedco was the first in the world to have a high-grade Ranee fish oil plant and was the biggest fishmeal producer in Vietnam.
DAT is the third stock of Sao Mai Group (after ASM and IDI) to be listed on the stock market. Trisedco produces fishmeal, refined fish oil and aquaculture, trade aquatic products and processes value-added aquatic products.
3. Work starts on VND1,200 billion urban - tourism zone in Phu Quoc
Sao Mai Phu Quoc Resort was started in November 2015 on a total area of 20 ha, of which 10 ha was for ecological resort and 10 ha for urban area and hotel. Costing VND1,200 billion, a very big investment value for the time being, the urban zone will be completed in 2016 and the resort will be put into operation in 2018.
The resort has sufficient infrastructure, high-class standard design, perfect living environment, and entertainment services. This will be an ideal hideaway for travellers. With this project, Sao Mai Group has taken a big step to develop tourism and make it a core business of the Group.
4.Cooperation with Koyo Corporation (Japan) in clean energy business
In December 2015, Sao Mai Group and Koyo Corporation, a member of Koyo Group, signed a cooperation agreement on clean energy development projects. In the first phase, Koyo Corporation and Sao Mai Group will provide solar energy solutions for customers in Vietnam. In the second phase, the two sides will build solar panel production plants in Sao Mai industrial zones for Vietnamese market and for export. In addition, Koyo will supply smart lighting system and LED outdoor lighting system, powered by solar energy, installed in all high-grade urban projects invested by Sao Mai Group.
5. Registered capital raised to over VND4,000 billion
In September 2015, Sao Mai Group successfully distributed 107,287,740 shares to the public and earned more than VND1 trillion of proceeds to hike its registered capital to more than VND4 trillion and its total assets to VND15 trillion. ASM is one of a very few companies to successfully issue shares in many tranches in recent years.
After nine successful issuances to increase the capital, ASM has demonstrated its commitment to investors on the “smart” use of capital for short-term and long-term investment. As planned, Sao Mai Group will double its registered capital in the near future because ASM possesses many initiatives for attractive projects to domestic and foreign investors.
6. Investment in VND500 billion township in Trieu Son, Thanh Hoa
In May 2015, Sao Mai Group and the Trieu Son District People’s Committee (Thanh Hoa province) signed a contract on investment of a Sao Mai - Thanh Hoa Urban Area project. The project is located in Xuan Thinh and Tho Dan communes, Trieu Son district, about 10 km from Sao Vang Airport. The 51.6-ha project, which costs over VND500 billion, will provide residences for nearly 8,000 people. According to the plan approved by the Thanh Hoa Provincial People's Committee, the project will include public utilities such as markets, hospitals, cultural houses, schools, green parks, and clean water supply stations. Sao Mai is scheduled to complete it in 2019.
7. Investment promotion for new Long Xuyen City
In August 2015, Sao Mai Group got the nod from Long Xuyen City People’s Committee and leaders of 13 communes and wards to Sao Mai industrial - urban - commercial - service and tourism complex in Long Xuyen City, briefly called New Long Xuyen City. Situated on a prime location, with very easy access to Trans-Asia Highway, the 1,500-ha project covers Binh Khanh, My Khanh, My Hoa, My Phuoc and My Quy wards.
The project is also expected to address disproportionate points in current architecture. New Long Xuyen City will be a first-class urban zone, a worthy living place for residents and a worthy investment place for businesses.
8. Investment promoted for a series of projects in Can Tho City
In December 2015, Sao Mai Group presented 61-ha Lot 1 Project in Nam Can Tho Urban Zone to the government of Can Tho City. The second project is a 200-ha Sao Mai luxury residential area in Vinh Trinh commune, Vinh Thanh district and Thoi Thuan ward, Thot Not district. Two projects have a combined investment capital of over VND5,200 billion. Sao Mai Group has prepared sufficient financial resources for deployment of these projects.
In addition, Sao Mai Group plans to invest in two urban zone projects, one covering 100 ha on Vo Van Kiet Street and infrastructure construction project in Thot Not Industrial Park, second phase with 400 ha.
9. Ranee premium fish oil reaches school kitchens
Ranee high-grade fish oil, which contains abundant precious natural nutrients like Omega 3, Omega 6, Omega 9, EPA, DHA and vitamins A and E, made by Sao Mai Group, has become the first fish oil to be used in family kitchens. In the malnourished children prevention strategy in Vietnam adopted by the Ministry of Health, the National Institute of Nutrition and the Early Childhood Education Department under the Ministry of Education and Training chose Ranee fish oil as essential food for school kitchens. Ranee will provide important natural nutrients for human bodies to protect health and enhance brainpower of Vietnamese pupils.
10. IDI, the second member of Sao Mai Group, is present in the Top 500 Vietnam Companies
International Development and Investment Joint Stock Company (IDI), a member of Sao Mai Group, was classified Top 500 Largest Vietnam Companies in 2015 for the first time, becoming the second unit of Sao Mai Group to be on this list after ASM. Mr Le Thanh Thuan, Chairman and CEO of Sao Mai Group, is the Top 50 wealthiest man on the Vietnamese stock exchange.
IDI was a Top 3 seafood company of Vietnam for a third straight year in 2015. The company recently put into operation another VND300 billion seafood processing plant with a daily capacity of 300 tonnes, which employed over 2,000 workers. Sao Mai Group now has over 7,000 employees.
Quoc Hung
Vietnamese
