Masan begins trading on UPCoM
Masan begins trading on UPCoM
Masan Consumer, part of the Masan Group Corporation, was officially listed on Wednesday with 538.1 million shares at VND90,000 per share (US$4.06) on the Unlisted Public Company Market (UPCoM) of the Hanoi Stock Exchange.
Created in 2003, Masan Consumer specialises in food and beverage products. Many of its brands are household names, such as Omachi, Kokomi, Chinsu, Vinacafe and Wake-up 247.
Masan Consumer Holdings (MCH) is currently Masan Consumer’s chief stakeholder, with 93.76 per cent of the latter’s charter capital, equal to 504.6 million shares. Individual investors accounted for nearly 2 million shares, an equivalent of 0.37 per cent of the company’s charter capital.
Masan Consumer’s capital had been recorded at VND5.381 trillion ($242 million). The company recorded net income of VND9.1 trillion ($410 million) as of the fourth quarter of 2016, up 6 per cent compared to the previous year. Earning per share is estimated at VND3,177 ($0.14).
Masan Consumer’s total assets at the end of 2016 were over VND15.926 trillion ($718.7 million), with the owner’s equity at VND11.203 trillion ($505.57 million). Its stock symbol is MCH.
