Cadovimex files for bankruptcy protection

October 3, Cadovimex Seafood Import-Export and Processing Joint Stock Company (stock code: CAD) held the Annual General Meeting of Shareholders in 2022. The General Meeting of Shareholders decided to request the opening bankruptcy proceeding, in the process of searching for new resources and potential investors to implement the business recovery plan for the company. 

As of June 30, Cadovimex's Total Liabilities were VND 1,266 billion, Total Assets were only VND 20 billion, Equity  Negative more than VND 1,246 billion. Cadovimex's loans from banks are VND 429 billion, and the business still needs to pay interest on bank loans of more than VND 777 billion.

Cadovimex net asset June 30

Cadodimex used to be top Vietnamese shrimp exporters.