Japanese energy to machinery company Mitsui has committed to invest $100 million in Vietnamese seafood processing company Minh Phu Seafood Corp.’s upcoming private placement.

Minh Phu Seafood noted that one of the bidders for its private placement of 75.72 million shares was Mitsui.

The 75.72 million new shares translate into a value of $152.7 million based on Minh Phu Seafood’s current share price, representing 35 percent of the company’s equity interest upon completion of the deal.

In 2013, Mitsui bought a 31 percent stake in Minh Phu Hau Giang, an affiliate of Minh Phu Seafood Corp.