The daughter of billionaire Nguyen Dang Quang has registered to buy 10 million MSN shares. If successful, this will be the first time Ms. Nguyen Yen Linh owns shares in Masan Group.
According to the Ho Chi Minh City Stock Exchange (HoSE), information from Masan Group Corporation (MSN) indicates that Ms. Nguyen Yen Linh - daughter of billionaire Nguyen Dang Quang (Chairman of the Board of Directors of Masan) - registered to purchase 10 million MSN shares (equivalent to 0.66% of charter capital) between October 29 and November 18 through order matching or negotiated transactions.
At the close of trading on October 24th, MSN was priced at 78,500 VND/share. Therefore, Ms. Nguyen Yen Linh may have to spend approximately 785 billion VND to purchase 10 million MSN shares.
Currently, Mr. Nguyen Dang Quang holds 18 shares of MSN. His wife, Ms. Nguyen Hoang Yen (mother of Ms. Nguyen Yen Linh), holds nearly 50.9 million shares of MSN, equivalent to 3.36%.
If the transaction is successful, Nguyen Yen Linh will own MSN shares for the first time, becoming a shareholder of Masan Group.
Mr. Nguyen Dang Quang, Chairman of Masan. Photo: MSN
Mr. Nguyen Dang Quang and Mrs. Nguyen Hoang Yen have three children: Nguyen Yen Linh, Nguyen Thuy Linh, and Nguyen Dang Linh.
Nguyen Dang Quang is currently one of the six USD billionaires in Vietnam according to Forbes' list. As of October 24th, his net worth was $1.2 billion.
Although he only directly holds 18 Masan shares, Mr. Quang indirectly holds a large number of MSN shares through Masan Corporation and Hoa Huong Duong, equivalent to nearly 39% of Masan's shares. Mr. Quang also holds more than 18.8 million Techcombank (TCB) shares. In addition, Mr. Quang also directly holds shares in Masan Consumer (MCH), Masan Vision, etc.
In the third quarter of 2024, Masan reported a 15-fold increase in net profit compared to the same period last year, reaching over VND 700 billion, thanks to positive results from the retail consumer segment and savings in interest expenses. Net revenue increased by 6.6% to nearly VND 21,500 billion, despite disruptions in the Masan High-Tech Materials segment.
Masan Consumer Goods, the consumer goods business within billionaire Nguyen Dang Quang's ecosystem, is set to list its shares from Upcom to HoSE in 2025.
Source: https://vietnamnet.vn/ai-nu-ty-phu-nguyen-dang-quang-dang-ky-mua-10-trieu-co-phieu-masan-2335221.html
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