Masan's stake in Vinacafe Bien Hoa is expected to reach 70 per cent. - Photo www.vtc.vn |
Masan Beverage, a member of the consumer goods producer Masan Group (Masan), plans to buy 2.61 million shares of Vinacafe Bien Hoa for VND170,000 (US$7.55) per share, making the total value of the deal VND444 billion.
Masan Beverage is now holding nearly 16 million shares of Vinacafe Bien Hoa, equal to 60.14 per cent of the coffee company's capital.
Vinacafe Bien Hoa is now listed as VCF on the HCM Stock Exchange. VCF share yesterday jumped 7 per cent to close at VND158,300 after the information became public.
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