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 Masan Consumer Holdings (“MCH”), Masan MEATLife (“MML”), Masan Resources (“MSR”), and VCM Services and Trading Development JSC (owner of 100% of VinCommerce General Commercial Services Joint Stock Company with “VCM” and “VinCommerce” used interchangeable in this report for as ease of reference to our grocery retailing platform), representing an economic interest of 60%, 87.27%, 95.99%, and 58.6% respectively, as of 31 December 2019. Our consolidated ownership percentage of Techcombank’s charter capital is 20% as of 31 December 2019.
Masan HPC, a wholly-owned home and personal care subsidiary of Masan Consumer Corporation, launched a tender offer to acquire up to 60% shares of Net Detergent JSC (NETCO) at price of VND48,000 per share. The transaction aligns with Masan’s 5-Year strategic game plan to broaden its product portfolio to better serve 100 million Vietnamese consumers
More than 324.3 million shares of Masan MEATLife Joint Stock Company (MML) were listed on UPCoM. In addition to promoting greater transparency for shareholders, the UPCoM listing will also be a strategic step towards MML’s ultimate goal of doing an international style IPO on the HOSE in 2022-2023
Masan Group Corporation and VinGroup completed the merger of MCH with VinCommerce and VinEco through a share swap structure. The merger is expected to optimize operations of both groups, and will create a new Consumer Goods & Retail group with superior competitive advantage and size in Vietnam. Masan Group is the majority shareholder (70%) of the combined entity, which shall hold 85.7% of Masan Consumer Holdings and 83.7% of VinCommerce.
Masan Tungsten Limited Liability Company, a wholly owned subsidiary of Masan Resources Corporation, signed an agreement to purchase the Tungsten business of H. C. Starck Group GmbH. This transaction is a strategic step in executing Masan Resources’ vision to become a leading vertically integrated high-tech industrial materials platform in the world
Masan Nutri-Science was renamed Masan MEATLife to reflect its successful transformation into a branded consumer meat player.