FEATURED NEWS

Featured information about Masan Group and Market

November 05, 2024

SK Group completes sale of 76 million Masan Group shares

Table of Contents:

    SK Group has successfully sold 76 million shares in Masan Group on October 31 via the put-through method.

    SK Group completes sale of 76 million Masan Group shares

    The sale reduces SK Investment Vina I Pte. Ltd.'s (SK Group) in Masan Group to 3.67 per cent of charter capital, thereby ceasing to be a major shareholder.

    The transaction is a notable trade for a non-foreign-ownership-limitation stock in Vietnam, underscoring the strong interest from global investors in Masan as a proxy for the positive macroeconomic outlook for the country.

    The transaction was anchored by existing institutional investors and new long-only investors based in Asia, Europe, and the US.

    Additionally, the remaining shares held by SK Group are subject to a customary lock-up period, supporting the stability of Masan Group’s shareholder structure as it advances its growth and strategic initiatives.

    In the third quarter of this year, Masan recorded VND701 billion ($27.7 million) in net profit, a 15-fold on-year increase, driven by strong profitability momentum across the consumer-retail businesses and lower debt-incurring net financial expenses.

    Having delivered VND1.31 trillion ($51.8 million) in Net Profit After Tax (NPAT) post-minority interest in the first nine months of 2024, Masan achieved over 130 per cent of the base-case full-year NPAT guidance as approved by shareholders at the beginning of the year.

    Masan expects to continue to improve the bottom line in the final quarter of 2024 with the expectation of approaching the full-year high-case guidance.

    Source: Vietnam Investment Review

    Related News

    Updated

    How Masan employs dealmaking to build its consumer-retail platform

    November 28, 2024

    Updated

    Masan reports third quarter earnings of $27.6 million

    October 24, 2024

    Updated

    EDC signs first partnership in Vietnam with Masan Group to advance trade relations between both nations

    October 21, 2024

    Updated

    Masan secures $5B in foreign investment focused on consumer retail building blocks

    October 16, 2024

    Updated

    Masan Group contributes nearly 120 billion to enhance social well-being

    October 08, 2024

    Updated

    Masan expects Q3 profit to exceed Q2

    October 02, 2024