Home Companies

Vietnam's Masan buys 14 pct of food firm Vissan for $64 mln

Mar 25th at 13:56
25-03-2016 13:56:51+07:00

Vietnam's Masan buys 14 pct of food firm Vissan for $64 mln

Anco, a unit of Vietnam's Masan Nutri-Science, Masan Group 's animal feed unit, has bought 14 percent of top Vietnamese food firm Vissan for $63.9 million, local media reported on Thursday.

 

Dong Nai-based Anco bought 11.33 million shares of Vissan for 126,000 dong ($5.64) each, news website VnExpress reported.

State-run Vissan, Vietnam's leading foodstuff processor, raised $41 million in an initial public offering earlier this month.

Vissan CEO Van Duc Muoi confirmed the stake sale when contacted by Reuters. ($1=22,340 dong).

tuoitrenews

MOST READ

NEWS SAME CATEGORY

Anco picks up strategic stakes in Vissan
COMPANIES Mar 24th at 19:50

Anco picks up strategic stakes in Vissan

The International Agriculture Nutrition Joint Stock Company (Anco) has become a strategic investor of the Viet Nam Meat Industries Company (Vissan) after picking up...

Masan’s subsidiary buys 14 per cent of Vissan
COMPANIES Mar 24th at 19:12

Masan’s subsidiary buys 14 per cent of Vissan

Agro Nutrition Company JSC (Anco), a subsidiary of Masan Group, has successfully bought 14 per cent of Vietnam’s leading meat processor Vissan for VND126,000...

Vietcombank to sell 10 per cent shares for foreign investors
COMPANIES Mar 21st at 17:00

Vietcombank to sell 10 per cent shares for foreign investors

The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) will make 10 per cent of its primary shares available for foreign investors to increase...

Tan Lien Phat to hold 32.5% TTF stake
COMPANIES Mar 1st at 09:31

Tan Lien Phat to hold 32.5% TTF stake

Truong Thanh Furniture Corporation (TTF) was planning to issue nearly 70 million shares or 32.5 per cent of stake to Tan Lien Phat Construction JSC, a subsidiary of...

HSG exports 20,000 tonnes of steel coil to US
COMPANIES Mar 1st at 08:55

HSG exports 20,000 tonnes of steel coil to US

The giant steel maker, Hoa Sen Group (HSG), yesterday exported 20,000 tonnes of steel coils, worth a total of US$10 million, from SSIT terminal in the southern...

Hoa Phat group's revenue up 8%
COMPANIES Feb 25th at 08:45

Hoa Phat group's revenue up 8%

Steel maker Hoa Phat Group (HPG) reported a total revenue of nearly VND28 trillion (US$1.24 billion) for the year 2015, an increase of 7.8 per cent year-on-year.

Vinamilk signs US$12.5 million contract at Gulfood 2016
COMPANIES Feb 25th at 08:43

Vinamilk signs US$12.5 million contract at Gulfood 2016

The Viet Nam Dairy Products Joint Stock Company (Vinamilk) signed a US$12.5 million contract to export powered milk for children during Gulfood 2016 between...

Gemadept spends $27.7m on rubber in Cambodia
COMPANIES Feb 24th at 14:09

Gemadept spends $27.7m on rubber in Cambodia

The Gemadept Corporation will carry out a US$27.7 million project to plant and exploit rubber in Cambodia.

Vingroup sells $134m of corporate bonds
COMPANIES Feb 24th at 08:24

Vingroup sells $134m of corporate bonds

Real estate developer Vingroup (VIC) announced that it has sold VND3 trillion (US$133.9 million) of corporate bonds under the guarantee of Credit Guarantee and...

Daiwa Securities to increase stake in SSI
COMPANIES Feb 23rd at 15:33

Daiwa Securities to increase stake in SSI

Japan-based Daiwa Securities Group will be investing approximately 20 billion yen ($177 million) in Vietnam’s Saigon Securities Inc. (SSI), in a bid to expand its...

Read More

MOST READ

Back To Top