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VN tycoon considers major deal, competes with foreign rivals in $10bil market segment

VN tycoon considers major deal, competes with foreign rivals in $10bil market segment
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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. ....

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South Korean Conglomerate SK Group Ups Investment In Fast-Growing Vietnamese Market

South Korean Conglomerate SK Group Ups Investment In Fast-Growing Vietnamese Market
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

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Pham Nhat Vuong remains Vietnam's wealthiest person: Forbes | Tuoi Tre News

Wednesday, April 07, 2021, 16:35 GMT+7
Pham Nhat Vuong, the wealthiest businessman in Vietnam according to Forbes rankings
Pham Nhat Vuong, chairman of Vietnam’s largest private conglomerate Vingroup, remains the wealthiest person in the Southeast Asian country with a US$7.3 billion fortune, according to Forbes’ annual list of the world’s richest unveiled on Tuesday.
Despite the COVID-19 pandemic, the number of billionaires worldwide jumped to an unprecedented 2,755 in 2021, up 660 compared with last year.
Their assets are worth $13.1 trillion, up from $8 trillion on the 2020 list.
This year marks a record high of 463 newcomers to the list, equivalent to one new billionaire for every 17 hours, including 210 from mainland China and Hong Kong and 98 from the U.S. ....

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