Masan Group solidifies strategic partnership with Singha
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Masan Group Corporation closed the first round of funding of its strategic partnership with Singha Asia Holding last month.
Singha contributed US$650 million (Bt23.2 billion), comprising $50 million for a 33.3-per-cent equity interest in Masan Brewery and $600 million for a 14.3-per-cent equity interest in Masan Consumer Holdings.
Proceeds of the $600-million into Masan Consumer Holdings facilitated the purchase of additional shares in Masan Consumer, the non-alcoholic branded food and beverage platform of Masan.
As a result, Masan Consumer Holdings’ direct ownership in Masan Consumer increased from 77.8 per cent to 96.7 per cent.
The first closing is a strong validation of Masan’s strategic value, platform and growth potential as the company further develops its business not only in Vietnam but inland Asean alongside Singha.
Closing of the remaining $450-million increase in Singha’s equity interests in Masan Consumer Holdings to 25 per cent is subject to customary regulatory and corporate approvals.
Questions & Answers
Q.What was the total amount Singha invested in Masan's entities during the first funding round?
What was the total amount Singha invested in Masan's entities during the first funding round?
Singha contributed a total of US$650 million. This included US$50 million for Masan Brewery and US$600 million for Masan Consumer Holdings, solidifying their strategic partnership last month.
Q.How did the US$600 million investment in Masan Consumer Holdings impact Masan Consumer's ownership structure?
How did the US$600 million investment in Masan Consumer Holdings impact Masan Consumer's ownership structure?
The US$600 million facilitated the purchase of additional shares in Masan Consumer. This increased Masan Consumer Holdings’ direct ownership in Masan Consumer from 77.8 per cent to 96.7 per cent.
Q.What conditions must be met for Singha to increase its equity interest further in Masan Consumer Holdings?
What conditions must be met for Singha to increase its equity interest further in Masan Consumer Holdings?
The closing of the remaining US$450 million investment, which would increase Singha’s equity to 25 per cent in Masan Consumer Holdings, is subject to customary regulatory and corporate approvals.
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