Masan Group (HOSE: MSN) and its subsidiary, 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 per cent to 84.9 per cent.
Consumer goods producer Masan Group (Masan) nearly tripled its net
profit to more than VND1 trillion (nearly US$46 million) in the first
six months from a year ago.
Many of the top 30 companies by market capitalisation on the HCM Stock
Exchange have reported mixed nine-month earnings, according to their
latest financial statements.
A share sell-off in the afternoon trading dragged down the bench indices
but market liquidity improved as exchange-traded funds boosted trading
in the last day of their porfolio reviews yesterday.
Masan Group, listed on the HCM City Stock Exchange as MSN, posted an
aggregated profit of VND1.082 trillion, or US$51.5 million, in the first
quarter of this year.
Private equity firm Masan Group (MSN) announced yesterday it had reached
a deal with technology metals manufacturer HC Starck to establish a
joint venture for the production of value-added tungsten chemicals in
Viet Nam.