Billionaire Nguyen Dang Quang's 'golden goose' is about to be listed on HoSE

Masan Consumer Corporation (MCH) announced on October 2 a resolution approving the transfer of MCH shares from the Upcom system to the Ho Chi Minh City Stock Exchange (HoSE). The expected time is in 2025.

MCH chose Vietcap Securities JSC as the stock listing consultant.

MCH's decision to change floors is considered a turning point, helping the leading consumer goods enterprise to more widely access domestic and foreign investors.

Masan Consumer currently has 7 subsidiaries in which it holds 100% capital, including Masan Food Company Limited, Masan Beverage Company Limited and Masan Consumer Limited (Thailand).

MCH will move to HoSE in 2025.

In addition, Masan Consumer indirectly owns many famous domestic enterprises such as: Vinacafe Bien Hoa (VCF), Vinh Hao mineral water, Quang Ninh mineral water, Café De Nam,... and an associated company, Cholimex (owns 32.8%).

Masan ConsumerHoldings Company Limited holds about 94% of Masan Consumer. Meanwhile, Masan Group (MSN) of billionaire Nguyen Dang Quang holds 85.7% of Masan ConsumerHoldings.

Recently, MCH shares have been at a historical peak, around VND200,000/share. Market capitalization is about VND142 trillion (equivalent to USD5.7 billion).

Since the beginning of the year, the price of MCH shares in billionaire Nguyen Dang Quang's business ecosystem has doubled, bringing great benefits to shareholders.

In mid-September, Masan Consumer announced the minutes of the vote to collect opinions on the additional 2023 cash dividend, at a rate of 168%, equivalent to VND 16,800 per MCH share.

Notably, the Bill & Melinda Gates Foundation Trust is a $75 billion charitable fund owned by billionaire Bill Gates, founder of Microsoft, and his ex-wife Melinda Gates. The organization holds more than 1 million MCH shares, with a market value of about VND210 billion.

Bill Gates's Foundation is on the list of Masan Consumer shareholders.

Previously, Masan Consumer paid 100% of its 2023 dividend in cash. The Bill & Melinda Gates Foundation Trust could receive nearly VND28 billion in dividends from Masan Consumer for 2023.

With the 2023 supplementary dividend, Masan Consumer plans to pay nearly VND12,200 billion to shareholders. The ex-dividend date is September 25, with expected payment on October 4.

Masan Consumer is an important factor in billionaire Nguyen Dang Quang's Masan ecosystem.

In addition to Masan ConsumerHoldings and Bill & Melinda Gates Foundation Trust, Masan Consumer has several other notable shareholders, such as Albizia ASEAN Tenggara Fund, Vietcap Securities (VCI)...

In the first 6 months of the year, MCH recorded nearly 14 trillion VND in net revenue, up 12% over the same period last year. MCH's net profit was more than 3,400 billion VND, up 13%.

Recently, there were times when Masan Consumer's capitalization surpassed Vinamilk , becoming the largest company in the food and beverage industry on the stock exchange. Masan Consumer's capitalization is also higher than that of its (indirect) parent corporation, Masan Group Corporation (MSN).

Vietnam's consumer industry is assessed to have bright prospects thanks to economic recovery and increased consumer demand, along with the Government's approval of a 2% reduction in value-added tax (VAT) rates.

At the 2024 General Meeting of Shareholders, Masan Consumer expects to increase its market share from the current 5% to a higher level in the fast-moving consumer goods (FMCG) industry with a scale of 32 billion USD. Mr. Quang's enterprise also aims to boost exports to the global market through major trading platforms such as Amazon (USA), Coupang (Korea)...

On the morning of October 2, MCH shares slightly decreased by VND 1,100 to VND 195,400/share.

The Vietnamese stock market has been under downward pressure after the VN-Index failed to conquer the 1,300-point threshold in the previous two sessions. By the end of the morning session on October 2, the VN-Index fell 2.82 points (-0.22%) to 1,289.38 points.

Liquidity reached a fairly good level, with nearly VND 9,260 billion on HoSE.

Mr. Nguyen Dang Quang returns to the list of USD billionaires: Waiting for a breakthrough in the decade Chairman of Masan Group Nguyen Dang Quang is on the list of 6 USD billionaires of Vietnamese origin. He can make a breakthrough in the next decade thanks to the number 1 consumer-retail empire in Vietnam as well as the machine that supplies raw materials for high-performance battery production in the future.

Source: https://vietnamnet.vn/ga-de-trung-vang-cua-ty-phu-nguyen-dang-quang-sap-len-san-hose-2328088.html