Masan MEATLife Corporation (MML) and De Heus Vietnam on September 14 announced the signing of a memorandum of understanding to raise the productivity of the animal protein value chain.
Masan MEATLife Corporation (MML) will be restructured by separating independent business lines in its integrated 3 F (feed - farm - food) model, including the animal feed business, and transforming into a business platform that focuses solely on branded meats.
The series of large projects that have come to Long An recently are expected to greatly contribute to socio-economic development and prove the attractiveness of the province to investors.
The husbandry industry is hoped to become a modern economic sector industrialised in all stages from production, processing, preservation and distribution.
Masan MEATLife, a subsidiary of Masan Group, on October 3 commissioned the VNĐ1.8 trillion (US$77.6 million) MEATDeli Saigon Meat Processing Complex in Long An Province.
MEATDeli Sài Gòn Co., Ltd, a subsidiary of Masan MEATLife, has completed construction of a meat processing plant in Long An Province and will commission it next month.
Masan Group Corporation (HOSE: MSN) targets net revenues of VND75-85 trillion (US$3.2-3.64 billion) this year, a year-on-year increase of 101- 128 per cent.
More than 324.3 million shares of Masan MEATLife Joint Stock Company (code: MML) were listed on December 9 on the UPCoM market at a reference price of VND80,000 (US$3.45) per share.
Masan MEATLife Joint Stock Company, a subsidiary of Masan Group, will list its shares on the Unlisted Public Company Market on December 9 at a reference price of VND80,000 (US$4.46).
Masan Group has reported its net profit in the third quarter this year soared to VND2.23 trillion (US$96 million), a three-fold increase against the same period last year.
Masan MEATLife, a subsidiary of Masan Group, has set itself an ambitious medium-term revenue target from branded chilled meat products of US$1 billion and for it to account for 50 per cent of total revenues.