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VN tycoon considers major deal, competes with foreign rivals in $10bil market segment Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
19/05/2021 16:07 GMT+7
Masan Group billionaire Nguyen Dang Quang is considering a billion-dollar deal in an area that is Vietnam s strength but has been controlled by large foreign corporations for the past decade.
According to Bloomberg, Masan Group (MSN) plans to raise US$1 billion by selling its shares to strategic partners to invest in animal feed production through its subsidiary Masan MeatLife (MML).
According to this source, Masan is also thinking about organizing an initial public offering (IPO) for the animal feed business of Masan MeatLife, as it believed that Masan MeatLife (MML) is undervalued by the market.
Citi s retail unit less attractive than securities firms to BNK, JB, DGB
Posted : 2021-04-30 16:26
Updated : 2021-04-30 17:11
From left are BNK Financial Group Chairman Kim Ji-wan, JB Financial Group Chairman Kim Ki-hong and DGB Financial Group Chairman Kim Tae-oh. Korea Times files
By Park Jae-hyuk
BNK, JB and DGB financial groups have said they will reduce their reliance on the banking sector and focus more on the securities business to boost their profits, raising concerns that Citigroup may face difficulties in finding a buyer for its retail banking operations here.
The U.S. financial giant announced earlier this month that it would halt consumer banking services in Korea and 12 other markets. Despite their denials, the provincial banking groups were considered as strong candidates to acquire Citibank Korea s retail operations to expand their presence in the Seoul metropolitan area.
Posted : 2021-04-28 16:35
Updated : 2021-04-28 17:10
JB Financial Group s building located in Yeouido, Seoul / Courtesy of JB Financial GroupBy Anna J. Park
JB Financial Group saw its first-quarter net profit surge 37.1 percent year-on-year to 132.3 billion won ($119 million). It was the highest-ever net profit achieved by the financial group in the first three months of any year.
Compared to the previous three months, first-quarter net profit was up 89.4 percent.
Return on equity (ROE), the financial performance measure that represents profitability, stood at 14 percent, while the group s return on assets (ROA) stood at 1.03 percent, both of which are considered high for a financial institution.