Masan increases Phuc Long stake to 85%
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Conglomerate Masan Group has bought another 34% in beverage chain Phuc Long Heritage to increase its ownership to 85%.
It paid VND3.62 trillion ($154.60 million) for the deal on August 1, according to its half-year report.
It has invested a total of VND6.45 trillion in Phuc Long.
In the first half of this year Phuc Long reported revenues of VND820 billion, a 38.5% rise year-on-year.
It has 98 flagship stores nationwide, according to its website.
Questions & Answers
Q.What was the total amount Masan Group has invested in Phuc Long?
What was the total amount Masan Group has invested in Phuc Long?
Masan Group has invested a total of VND6.45 trillion in Phuc Long. This sum includes the recent deal where it acquired an additional 34% stake in the beverage chain.
Q.When did Masan Group complete the latest acquisition of Phuc Long shares?
When did Masan Group complete the latest acquisition of Phuc Long shares?
The latest acquisition was completed on August 1, according to Masan's half-year report. This is when they bought the additional 34% stake in Phuc Long Heritage.
Q.What were Phuc Long's revenues in the first half of this year and how much did they increase?
What were Phuc Long's revenues in the first half of this year and how much did they increase?
Phuc Long reported revenues of VND820 billion in the first half of this year. This figure represents a 38.5% rise compared to the same period in the previous year.
Q.How many flagship stores does Phuc Long currently operate nationwide?
How many flagship stores does Phuc Long currently operate nationwide?
Phuc Long currently operates 98 flagship stores across the nation. This information is stated on the company's website, as mentioned in the article.
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