Nguyen Yen Linh, daughter of Nguyen Dang Quang, Chairman of the Board of Directors of Masan Group Joint Stock Company (Masan, stock code: MSN), has completed the purchase of nearly 8.5 million MSN shares out of the previously registered amount of 10 million. The reason for not completing the transaction was “failure to reach an agreement.”
The transaction was made from October 29 to November 18 through matching and negotiated trading methods. After the transaction, Ms. Nguyen Yen Linh owns 0.59% of Masan Group’s capital.
MSN shares fluctuated around the 75,000 VND/share mark during Ms. Yen Linh’s trading period. Thus, the daughter of billionaire Dang Quang spent over 600 billion VND to purchase the above-mentioned shares.
According to disclosed information, billionaire Nguyen Dang Quang directly holds only 18 MSN shares. In contrast, Ms. Nguyen Hoang Yen, Mr. Nguyen Dang Quang’s wife, owns nearly 50.9 million MSN shares, equivalent to a 3.36% stake in the Masan Group.
Earlier in November, Masan Group announced that SK Investment Vina I Pte. Ltd. (SK Group) had successfully transferred 76 million shares of Masan Group through a negotiated method. After the transaction, SK Group’s ownership ratio in MSN stood at 3.67% of the charter capital, and it is no longer a major shareholder of MSN. The buyer remains undisclosed.
This transaction is notable for non-foreign ownership limit (non-FOL) shares in Vietnam. The remaining shares of SK Group in MSN will be restricted from transfer as per regulations.
Additionally, SK Group will transfer 7.1% of WinCommerce (WCM) shares to Masan Group for 200 million USD, valuing WCM at over 2.8 billion USD.
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