Masan of billionaire Nguyen Dang Quang wants to remove foreign ownership limit

Masan’s (HOSE: MSN) shareholders meeting documents reveal the company aims to remove the maximum foreign ownership limit of 49%. It proposes determining foreign ownership ratios based on the provisions of Decree 155/2020/ND-CP, where companies not subject to restrictions can have unlimited foreign ownership. Currently, foreign investors hold nearly 30% of Masan’s shares, with significant investors like BCC Meerkat LLC (4.15%) and SK Investment Vina I Pte.Ltd. (3.86%). By 2025, Masan plans revenue of 80,000 to 85,500 billion VND, projecting a profit after tax of 4,875 to 6,500 billion VND, indicating significant growth compared to 2024.