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Masan Group Raises US$108 Million Loan Facility

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2011-08-18 10:12 

 

HO CHI MINH CITY, Vietnam, Aug. 18, 2011 /PRNewswire-Asia/ — Masan Group (HOSE: MSN, “Masan”, “The Group”), one of Vietnam’s largest private sector business groups, today announced that JP Morgan and its affiliates have provided Masan Industrial, a subsidiary of Masan Consumer, a three year US$108 million loan facility.

Madhur Maini, CEO of Masan Group, commented, “The difficult macro environment presents us a unique opportunity to capitalize on our platform. Our strategy is to double-up on talent and capital to execute on organic growth and M&A”

Masan Group is primarily focused on the consumption and resources sector in Vietnam. The Group plans to use its war chest to invest in its existing businesses and continue to execute strategic M&A in these sectors.

Since listing in 2009 on the Ho Chi Minh Stock Exchange, Masan has consolidated its holdings in its existing subsidiaries and also acquired the Nui Phao Project, a world class tungsten and base metal mining project, to build a resources platform. Masan Group has a three-pronged strategy of scale, leadership and cash flows and expects to generate US$500 million per annum of EBITDA on a consolidated basis starting 2013.

ABOUT MASAN GROUP CORPORATION

Masan Group is one of Vietnam’s largest private sector companies and has a track record of actively building, acquiring and managing market-leading businesses in several of the fastest growing areas of Vietnam’s economy. Masan’s businesses include Masan Consumer, Techcombank and Masan Resources, leading large scale operating platforms in the consumer products, financial services and resources sectors, respectively.

ABOUT MASAN CONSUMER CORPORATION

Masan Consumer is one of Vietnam’s largest consumer products companies with leading market share positions in the condiments and convenience food categories. Since the early 2000’s, the Company has grown its product portfolio, domestic sales and distribution channels to become a leader in Vietnam’s branded consumer food market in both the premium and mass-market segments. Masan Consumer’s key brands include Chin-su (soya, fish and chili sauces), Tam Thai Tu (soya sauce), Nam Ngu (fish sauce), and Omachi and Tien Vua (instant noodles).

 

SOURCE Masan Group

Written by asiafreshnews

August 22, 2011 at 11:08 am

Posted in Business & Finance