Nguyen Hoang Yen, a board member of the Masan Group and vice president (VP) at Masan Consumer is planning to increase her stake in the company to 4.05 per cent through an additional investment of VND 644 billion ($30 million).
According to the Ho Chi Minh Stock Exchange (HOSE), earlier, today Yen had registered to buy eight million shares of Masan Group. With the group’s shares trading at at VND 80,500 per share on the market, her total investment for this deal would be approximately VND 644 billion.
This investment will make her the the fifth richest person and the second richest woman on Vietnam stock market with her total stock assets of VND 2.4 trillion
Reportedly, Yen already holds 21,779,459 shares in the Masan group, equivalent to 2.96 per cent equity stake. After successfully purchasing a further eight million shares, Yen would hold approximately 4.05 per cent stake.
Apart from holding a minority stake in the Masan group, she also holds a minority stake in VinaCafe Bien Hoa Group.
Masan Group is one of the Vietnam’s largest private sector companies in the consumption and resources sector. The group holds 77.4 per cent equity stake in Masan Consumer, 75.9 per cent in Masan Resources and 30.4 per cent in Techcombank. Company’s financial statement for the first nine months of 2014 reflects a VND 10.8 trillion revenue, which is a 44.3 per cent increase compared to the same period last year; but the profit after tax was reduced by 18.8% to VND 1 trillion.