Vietnamese conglomerate Masan Group on October 2 said it has secured funding of at least 200 million USD from Bain Capital, one of the world’s leading private investment firms with approximately 175 billion USD in assets under management.
At the Top 50 Corporate Sustainability Awards announcement event on June 29 in Ho Chi Minh City by “Nhip Cau Dau Tu” magazine, Masan Group was named winner in two categories: Sustainable Resource Management and Outstanding Risk Management Platform.
Nearly 227.6 trillion VND (9.6 billion USD) worth of corporate bonds is going to expire this year, of which about 19 trillion VND matured or was repurchased before maturity in the first two months of the year, according to data compiled by the Hanoi Stock Exchange (HNX).
Vietnam’s outbound investments reached 115.1 million USD in the first two months of this year, 2.16 times higher than that the same period last year, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.
WinCommerce, the retail arm of Masan Group, which operates WinMart/WinMart+ supermarkets and minimarts, has planned to open over 700 new WinMart+ stores and more than 20 WinMart supermarkets and hypermarkets in the remaining months of 2022.
Masan Group Corporation on December 13 announced it has signed a deal for 350 million USD primary investment in The CrownX Corporation (TCX) by a consortium of investors comprising TPG, Platinum Orchid – wholly owned by the Abu Dhabi Investment Authority, and SeaTown Master Fund – managed by an indirect subsidiary of Temasek Holdings.
Telio, the first business-to-business (B2B) e-commerce platform in Vietnam, has received funding of 22.5 million USD from Vietnamese tech unicorn VNG, raising total investment that it had attracted as of September 2021 to 51 million USD.
The chapter of the Vietnam Fatherland Front (VFF) in Ho Chi Minh City, on September 1, received medical supplies and necessities worth 16 billion VND (701,477 USD), which were donated by the Masan Group Corporation for 312 local communes and wards in support of the localities' COVID-19 prevention and control.
The Masan Group Corporation and its subsidiary company, The CrownX, on July 1 announced the acquisition of the latter’s shares from minority shareholders, increasing Masan’s direct and indirect stakes in it from 80.2 percent to 84.9 percent.
The Sherpa Company Limited, a subsidiary of Masan Group Corporation, has acquired a 20-percent stake in Phuc Long Heritage JSC, which owns one of the leading tea and coffee brands in Vietnam – Phuc Long, for 15 million USD, according to an announcement.
Masan Group Corporation and a consortium, including Chinese e-commerce giant Alibaba Group and Baring Private Equity Asia, on May 18 announced the signing of definitive agreements for the acquisition of a 5.5 percent stake in The CrownX for a cash consideration of 400 million USD.
Despite a year-on-year slip in foreign direct investment (FDI) to Vietnam in the first four months of the year, foreign investors still signed major deals in the country and confirmed its ongoing investment appeal.
Masan Group Corporation's consolidated net revenue increased by 13.3 percent in Q1 to 19.977 trillion VND (862.53 million USD), primarily due to double-digit organic growth in its branded consumer and meat businesses and 178.2 percent growth by Masan High-Tech Materials (MHT) due to H.C. Starck (HCS).
The Republic of Korea (RoK)’s conglomerate SK Group said it will make a strategic investment in VinCommerce, Vietnam’s largest retailer, to tap into the fast-growing e-commerce segment in the Southeast Asian market, reported Yonhap News Agency.
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