International Food Joint Stock Co (IFS) has reported finishing the selling of its 70 percent capital in International Food Packing Co Ltd to Crown Packing Investment Pte, Ltd, reducing IFS's size in the subsidiary down to 20 percent.
International Food Packing Co Ltd will be re-named to Crown Dong Nai Brewery Packing Co Ltd
IFS posted a loss of 223.4 billion dong in 2009 and a profit of over 13.3 billion dong in Q1 of 2009.
Yesterday IFS was down 500 dong to 10,400 dong per share with 6,350 shares changed hands.
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