On July 10, 2025, Masan Group (stock code: MSN) approved its subsidiary The Sherpa to sign a loan agreement with HSBC for a maximum amount of 216.5 million USD. The Sherpa will borrow 166.5 million USD with an option to increase by 50 million USD. Masan also guarantees the payment obligations related to this loan. Earlier, Masan invested 510 billion VND into The Sherpa to purchase shares in Nyobolt Limited, a company specializing in fast-charging Lithium-ion battery solutions based in the UK, where Masan holds 21.5% of the capital. The Sherpa was established in June 2020 to become a founding shareholder of The CrownX, focusing on investment management consulting.
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