GTNFoods JSC (HoSE: GTN) officially announced to merge into Vietnam Livestock Corporation JSC by the stock swap method. This is the first-ever reverse-M&A deal in the food industry when GTN is currently the parent company of VLC through holding 74.49% of VLC shares. VLC plans to issue a maximum of 156.25 million additional shares to exchange for GTN shares at the ratio of 1.6:1 (16 GTN shares for 10 VLC shares). After the merger, GTN will delist on HoSE while VLC will continue to be listed on UPCoM. VLC's goal in the future will be listed on HoSE to increase its transparency [...]
Loship receives investment from Metaplanet Holdings in Series C round of funding. The new capital will be used to expand the delivery network, develop human resources, technology and markets. Most of them will be used to upgrade the existing applications and technology of the company [...]
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