Masan Consumer to buy 24.9 per cent of Vinh Hao
Established in 1930, southern Binh Thuan province’s Vinh Hao was the first domestic mineral water producer in Vietnam and is today one of the most recognised and trusted brands in the bottled beverage sector in the country. Its portfolio comprises of mineral water, purified water and mineral water-based soft drinks.
Masan Consumer is a market leader in sauces, instant noodles and instant coffee.
On the back of the transaction, Masan Consumer plans to launch a cash tender offer process at similar commercial terms to increase its stake.
Masan Group said the contemplated purchase and tender offer were subject to customary corporate and regulatory approvals.
Masan is one of Vietnam’s largest private sector business groups, with its score business including consumer goods, mining and banking.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- Electronic imports exceed 100 billion USD (December 25, 2024 | 17:18)
- Vietnam becomes second biggest garment exporter globally (December 25, 2024 | 17:11)
- Nestlé Vietnam granted golden prize at Vietnam National Quality Awards (December 25, 2024 | 14:05)
- Pathways aplenty for Vietnam’s circular economy transition (December 25, 2024 | 13:00)
- VIMC secures Top 10 Vietnam Gold Star award via its five core values (December 25, 2024 | 11:00)
- Processed coffee in export expansion (December 25, 2024 | 09:33)
- Livestock sector may struggle to conquer $1.5 billion next year (December 25, 2024 | 09:05)
- Domestic firms under duress with new rules (December 24, 2024 | 17:06)
- Tetra Pak’s Direct UHT technology a boon for coconut industry (December 24, 2024 | 08:00)
- Vietnam's GDP growth will lead the region in 2025 (December 23, 2024 | 14:42)
Mobile Version