Assets of King of Shrimp family reduce sharply after Eximbank scandalThe capitalisation of Minh Phu Seafood Corporation (MPC) decreased by VND1.1 trillion ($48.7 million) after information that VND245 billion ($10.8 million) was appropriated from Chu Thi Binh’s—the wife of the “King of Shrimp”—savings account at Eximbank. As a result, the capitalisation of the corporation has shrunk by VND1.1 trillion ($48.7 million), to VND6.7 trillion ($295.3 million). Binh holds 17.47 million MPC shares, equalling 24.96 per cent of the charter capital, as the biggest shareholder. Their daughter, Le Thi Diu Minh, has also lost VND50 billion ($2.2 million) to now hold VND306 billion ($13.5 million) in assets. After a meeting with Eximbank, Chu Thi Binh, who lost VND245 billion ($10.8 million), will check the arrangement carefully before receiving VND14.8 billion ($0.65 million) ...

Source: VietNamNet News March 01, 2018 08:48 UTC