A company owned by billionaire Nguyễn Đăng Quang just increased its capital to over 10 trillion, stocks surged unexpectedly

Masan Consumer (MCH) completed the sale of over 326 million shares, raising 3.268 trillion VND, increasing its charter capital to 10.623 trillion VND. The distribution rate reached 99.83%, with investor Nguyễn Phương Uyên buying additional 500,000 unsold shares. Its parent company, MasanConsumerHoldings, now holds 70.4% of shares. This move aims to meet the 20% listing requirement at HoSE, planned for October 2024. In 2024, Masan reported nearly 30.9 trillion VND in revenue, a 9.4% increase, and a net profit of 7.8 trillion VND, up 10.1% from 2023. For 2025, it targets a revenue between 33.5 and 35.5 trillion VND. MCH stock rose over 3% to 143,500 VND per share in morning trading on March 27.

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