On March 7, MasanConsumerHoldings completed the purchase of over 69.2 million MCH shares, increasing its total holdings to nearly 740.6 million shares, equivalent to 70.4% of total outstanding shares. This transaction was conducted through rights offerings for existing shareholders. Before the purchase, MasanConsumerHoldings owned 92.65% of MCH. Concurrently, Masan Consumer also issued over 326.8 million shares to the public at 10,000 VND per share, raising over 3.268 trillion VND and increasing its charter capital from 7.355 trillion VND to 10.623 trillion VND. The reduction in ownership aims to comply with HoSE’s requirement that at least 20% of voting shares be held by non-major shareholders. The plan to transfer shares from UPCoM to HoSE was approved by shareholders and is expected to be implemented in early October 2024. In 2024, Masan Consumer achieved revenue of nearly 30.9 trillion VND and net profit of 7.8 trillion VND, with a growth target of 10% to 15% for 2025.
Leave a Reply