Masan first started operations in 1996
Masan Group Corporation was incorporated in November 2004 under the name Ma San Shipping Corporation. We officially changed our name to Ma San Group Corporation in August 2009 and were successfully listed on the Ho Chi Minh Stock Exchange on 5 November 2009. Our name was formally changed to Masan Group Corporation in July 2015 in order to be consistent with our corporate brand and practice. While the listed entity was formally incorporated in 2004, Masan, through our majority shareholder and our underlying operating businesses and their predecessor companies, has been in existence as a business group since 1996.
We are a holding company with controlling economic interests in The CrownX, Masan MEATLife (“MML”) and Masan High-Tech Materials (“MSR”), representing an economic interest of 84.93%, 78.74% and 86.39% respectively, as of 30 June 2021. The CrownX is Masan’s integrated consumer retail arm that consolidates its interests in Masan Consumer Holdings and VCM Services and Trading Development JSC. Our consolidated ownership percentage of Techcombank’s charter capital is 20% as of 30 June 2021.
The Sherpa Company Limited, a subsidiary of Masan Group Corporation (HOSE:MSN, “Masan”) announced its entry into telecom, closing the acquisition of 70% of Mobicast Joint Stock Company, operating under the brand Reddi, a start-up full-serviced Mobile Virtual Network Operator, for a total cash consideration of VND295.5 billion. The entry into the telecommunication sector lays the foundation to digitalize Masan’s platforms and build a unified off to online products and services solution, “Point of Life” consumer ecosystem.
Masan MEATLife Corporation and De Heus Vietnam announced the signing of a Memorandum of Understanding. The combination of De Heus Vietnam’s expertise in the upstream sector and Masan’s champion integrated FMCG-retail platform has the potential to accelerate the modernization of the animal protein value chain. The parties are committed to develop one or more collaboration agreements by the first quarter of 2022.
Masan Group (Masan) and its subsidiary, The CrownX (“TCX”) today announced the acquisition of TCX’s shares from minority shareholders (the “Transaction”). As a result of the Transaction, Masan Group’s direct and indirect stakes in TCX increased from 80.2% to 84.9%.
The Sherpa Company Limited – a subsidiary of Masan Group Corporation announced the signing of the definitive agreements to acquire 20% stake in Phuc Long Heritage Joint Stock Company Phuc Long Heritage is the company which shall own the Phuc Long brand, one of the leading tea and coffee brands in Vietnam. The purchase price of the Transaction is 15 million USD.
Masan Group Corporation and a consortium led by Alibaba Group and Baring Private Equity Asia today announced the signing of definitive agreements for the acquisition of a 5.5% stake in The CrownX for a total cash consideration of USD400 million. The CrownX is Masan’s integrated consumer retail arm that consolidates its interests in Masan Consumer Holdings and VinCommerce. The Transaction implies a pre-money valuation of USD6.9 billion for 100% of its equity. Masan will own 80.2% of the Company post the consortium’s investment.
Masan Group Corporation and SK Group (“SK”) today announced the signing of definitive agreements for SK’s acquisition of a 16.26% stake in the company holding VinCommerce shares (“VCM” or the “Company”) for a total cash consideration of USD410 million (the “Transaction”). The Transaction values VCM at USD 2.5 billion for 100% of its equity