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Singaporean Government increases Masan holding

Released at: 15:16, 23/03/2016

Singaporean Government increases Masan holding

Government now holds 5.08% of leading Vietnamese Group.

by Minh Tuyet

The Government of Singapore has purchased 27,628,360 shares of the Masan Group, or 3.7 per cent, according to a VET source.

It previously held 10,272,100 shares, or 1.38 per cent. The latest purchase increases its holding to 37,900,460 shares, or 5.08 per cent.

According to a March 14 announcement from the Ho Chi Minh City Stock Exchange, Orchid Capital Investment Pte has sold its entire 5.99 per cent stake, or 44.78 million shares, in Masan.

On April 4 Masan will hold its annual shareholders meeting and report its audited results for 2015, conduct profit sharing, and issue new shares under optional programs for its employees.

The Masan Group is one of Vietnam’s largest companies, focused on domestic consumption and building leading businesses in the branded food and beverage sector and in the animal nutrition value chain.

Its businesses include Masan Consumer Holdings, the producer of some of Vietnam’s most trusted and loved brands in food and beverage categories, such as Chin-su, Nam Ngu, Tam Thai Tu, Omachi, Kokomi, Vinacafe, Wake-up, Vinh Hao, and Su Tu Trang, and Masan Nutri-Science, Vietnam’s largest animal feed company, with brands including Proconco and Anco.

Masan Resources, meanwhile, is one of the world’s largest producers of tungsten and strategic industrial minerals and a major shareholder in Techcombank, a leading joint stock commercial bank in Vietnam.

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