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