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Bain Capital adds 50 million USD into Masan Group

Bain Capital – a leading private investment firm with approximately 180 billion USD of assets under management, has agreed to pour another 50 million USD into Masan Group, raising its total investment in the enterprise to 250 million USD from 200 million USD announced in October.
Hanoi (VNA) – Bain Capital –  a leadingprivate investment firm with approximately 180 billion USD of assets under management,has agreed to pour another 50 million USD into Masan Group, raising itstotal investment in the enterprise to 250 million USD from 200 million USDannounced in October.

The transaction is an equity investment in the form ofConvertible Dividend Preference Share (CDPS) to be issued at a price of 85,000 VND(3.5 USD) per share which can be converted into ordinary shares at a 1:1conversion ratio.

Proceeds from the transaction will be used to improve Masan’sfinancial indicators and de-lever its balance sheet.

In only two months from the first transaction, Bain Capital has invested 250million USD in Masan. Masan expects that the transaction will be completed inseveral months.

According to Masan, despite short-term fluctuations in thefinancial market, Bain Capital's increase in investment scale shows theinvestor’s strong confidence in Masan's long-term strategy and prospects. Thisis evident in Masan's solid business results in the third quarter of 2023./.
VNA

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The official logo of resort airline Sun PhuQuoc Airways (Photo: Sun Group)

𝔉 Official logo of resort airline Sun PhuQuoc Airways announced

Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
Vietnamese lychees make sweet impression on UK consumers (Photo: VNA)

Vietnamese lychees win over UK consumers

The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
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