Masan wants to focus on optimizing its domestic operations while the tungsten recycling strategy is limited by regulatory.
The consumer goods group has successfully finalized the acquisition of a $250 million investment from Bain Capital, a prominent global private investment firm.
Craig Richard Bradshaw, CEO of Masan High-Tech Materials, shares the company’s ambition to turn Vietnam into the world's leading supplier of high-quality tungsten.
The company expects net revenue in 2023 of $702 million to $775 million, a year-on-year increase from 6 to 17 per cent.
The initial target of $375 million was upsized to $600 million on the back of strong market response.
H.C. Starck Tungsten Powders (HCS), a wholly owned subsidiary of Masan High Tech Materials, announced to invest $53 million into Nyobolt Limited, a fast-charging Li-ion battery solutions company.
Chinese e-commerce giant Alibaba Group and Baring Private Equity Asia have paid $400 million to buy 5.5 per cent stake in The CrownX, retail unit of Vietnamese conglomerate Masan.
Masan High-Tech Materials Corporation on October 26 signed definitive agreements to establish a strategic alliance in the tungsten industry with Mitsubishi Materials Corporation with an objective to develop a leading, high-tech tungsten materials platform.
Masan Group (HSX: MSN) is going to issue VND1.5 trillion ($65.21 million) worth of bonds this month in a bid to restructure its debts.
Masan Group is going to trade its MeatLife’s shares on the local stock exchange in 2019 and targeting at getting all of its subsidiaries on the board of stock by 2023 in a bid to maximise its shareholders’ benefits.
The first quarter saw the outstanding amount of local currency (LCY) corporate bonds reached some $4.34 billion, with growth declining 1.3 per cent quarter-on-quarter but rising 31.9 per cent year-on-year, according to ADB.
Korea’s multi-sector group has spent $470 million on purchasing nearly 110 million treasury shares, equivalent to a 9.5 per cent stake in Masan Group.
Masan Consumer Corporation announced that Saigon Nutri-food Joint Stock Company (SNF), its wholly-owned subsidiary, has formed a strategic partnership with Jinju Ham Co., Ltd (Jinju Ham), a leading Korean-branded processed meat company.
Vinacafé Bien Hoa’s Wake-up instant coffee is being recalled in the US due to its mistake of improper labeling other than the quality of products, according to Vinacafé Bien Hoa, a subsidiary of Masan Group.
