Mitsubishi likely made loss from Masan High-Tech Materials divestment
Mitsubishi Materials Corporation Group, an arm of Japanese conglomerate Mitsubishi, is thought to have sold off its 10% stake in Masan High-Tech Materials on Thursday morning at a loss.
Data from the Unlisted Public Company Market (UPCoM) showed that foreign investors sold a total of 109.92 million shares in Masan High-Tech Materials, coded MSR, via three put-through transactions to domestic buyers.
Put-through transactions of MSR shares of Masan High-Tech Materials on May 30, 2024.
The shares were all sold for VND14,800 ($0.58) each, resulting in a total transaction value of VND1,626.75 billion ($63.9 million).
The number of MSR shares sold exactly matched the volume that Mitsubishi Materials registered to unload last week, from May 30 to June 10.
MSR fell into the red an hour after Thursday's open, but climbed back into the green towards the end of the session. The stock was up 5.2% to VND18,200 ($0.71) a share at 2:30 p.m.
If the MSR shares were acquired by a sole buyer, the buyer’s identity will be reported to market authorities in the coming days. However, with the volume being divided in three lots, the separate buyers may not have to report their transactions to the authorities as their holdings are below the regulatory 5%.
On October 30, 2020, Masan High-Tech Materials, a tungsten arm owned by Vietnamese private conglomerate Masan Group, announced the sale of a 10% stake to Mitsubishi Materials Corporation for $90 million, equivalent to $0.82 or VND19,054 a share.
A facility of Masan High-Tech Materials in Thai Nguyen province, northern Vietnam. Photo courtesy of the company.
The transaction was part of a plan between the two sides to establish a strategic alliance in the tungsten industry.
On May 14, Mitsubishi Materials and Masan High-Tech Materials announced they had reached an agreement for the former to acquire all shares of H.C. Starck Holding GmbH, a wholly owned subsidiary of the latter that produces high-quality tungsten power.
The closing of the transaction is expected by the end of March 2025 and is subject to customary corporate and regulatory approvals.
Days after this announcement, the Japanese corporation registered to sell its entire 10% stake in MSR.
Mitsubishi Materials says it aims to become “a leading company in tungsten products, recognized by customers globally”.
- Related News
- Read More
Hyundai Rotem keen on developing high-speed railways in Vietnam
Hyundai Rotem, a mechanical engineering company under Korean chaebol Hyundai Group, has expressed an interest in building high-speed railways in Vietnam.
Investing - Wed, September 10, 2025 | 12:43 pm GMT+7
Vietnam automobile, motorcycle and bicycle association aims to make only electric vehicles by 2035
The Vietnam Automobile, Motorcycle and Bicycle Association (Vamoba) seeks to have all of its members produce at least one electric vehicle (EV) product line by 2027 and by 2035, 100% of their automobiles and motorcycles will be environmentally friendly EVs.
Economy - Wed, September 10, 2025 | 11:16 am GMT+7
From transparent technology to humanitarian values: The story of Vietnam’s first charity platform
Launched in 2021 under the direction of the Ministry of Science and Technology, in coordination with the Vietnam Red Cross Society and other socio-political organizations, a platform named “thiennguyen” (charity) developed by MBBank has paved a new path for community philanthropy in the digital era.
Companies - Wed, September 10, 2025 | 8:41 am GMT+7
Increased foreign capital flows, long-term opportunities for Vietnam's retail-consumer goods industry
Vietnam’s conglomerate Masan Group (HoSE: MSN), with a market capitalization of nearly $4.8 billion, high liquidity, ample foreign ownership room, and a solid business foundation, is expected to be a top pick for foreign investors.
Companies - Wed, September 10, 2025 | 8:00 am GMT+7
Vietnam’s pepper exports surpass $1 bln in 8 months
Vietnam’s pepper industry recorded export revenue of more than $1 billion in the first eight months of 2025, the highest level for the period in seven years, according to the Vietnam Pepper and Spice Association (VPSA).
Companies - Tue, September 9, 2025 | 11:13 pm GMT+7
Indonesia, EU to sign CEPA after decade of negotiations
The Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) is set to be signed on September 23 after a decade of negotiations, according to Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto.
Southeast Asia - Tue, September 9, 2025 | 10:07 pm GMT+7
Vietnam lifts asset freeze on ex-FLC chairman Trinh Van Quyet
Authorities in Vietnam’s central province of Khanh Hoa are moving to lift restrictions on asset transactions and transfers linked to Trinh Van Quyet, former chairman of property developer FLC Group, the provincial Department of Justice said on Tuesday.
Economy - Tue, September 9, 2025 | 9:26 pm GMT+7
Abbott-backed medical firm Domesco to pay 25% cash dividend
Domesco Medical Import Export JSC (HoSE: DMC) will distribute a 25% cash dividend for 2024, equivalent to VND2,500 (9.5 U.S. cents) per share.
Companies - Tue, September 9, 2025 | 8:39 pm GMT+7
Vietnam’s finance ministry proposes raising personal deduction to $588 per month
Vietnam’s Ministry of Finance has proposed raising the personal income tax deduction to VND15.5 million ($588) per month and the dependent deduction to VND6.2 million ($235).
Economy - Tue, September 9, 2025 | 4:09 pm GMT+7
PM requests prompt finalization of feasibility study for Lao Cai-Hanoi-Hai Phong railway project
Prime Minister Pham Minh Chinh on Sunday evening chaired a high-level meeting with key ministries and agencies to accelerate the implementation of the Lao Cai-Hanoi-Hai Phong railway project, during which he stressed the need for prompt completion of the project’s feasibility study.
Economy - Tue, September 9, 2025 | 3:06 pm GMT+7
WB, ADB to provide over $12 bln to green projects in ASEAN
The World Bank has allocated $2.5 billion, while the Asian Development Bank has set aside $10 billion to support green projects in ASEAN, said Malaysian Deputy Prime Minister Datuk Seri Fadillah Yusof.
Southeast Asia - Tue, September 9, 2025 | 3:01 pm GMT+7
Central Vietnam province seeks investors for $42 mln wind power project
Vietnam’s central province of Quang Tri is seeking investors for the Hung Bac wind power project, with total investment estimated at VND1.1 trillion ($41.69 million), according to the provincial People’s Committee.
Energy - Tue, September 9, 2025 | 2:56 pm GMT+7
Vietnam's leading conglomerate Vingroup sues 68 entities, individuals for false information
Vingroup JSC (HoSE: VIC) on Monday reported to authorities, notified foreign embassies, and filed civil lawsuits against 68 organizations and individuals at home and abroad for spreading false information about the corporation online.
Companies - Tue, September 9, 2025 | 10:45 am GMT+7
Warburg Pincus unit, Masterise eye $739 mln expressway to Vietnam’s mega airport
A subsidiary of U.S. private equity firm Warburg Pincus and Vietnamese developer Masterise Group have separately proposed building an over VND19.52 trillion ($739 million) expressway connecting a major tourism area to the under-construction Long Thanh International Airport in the southern region.
Infrastructure - Tue, September 9, 2025 | 8:00 am GMT+7
Hoa Binh Construction wins $5 bln contract for mega urban project in southern Vietnam
Vietnam's leading contractor Hoa Binh Construction Group has secured a contract to build the first phase of a mega urban area project in Vietnam’s southern metropolis of Ho Chi Minh City.
Real Estate - Mon, September 8, 2025 | 9:22 pm GMT+7
Vietnam's monetary policy remains accommodative: WB
Vietnam's monetary policy has remained accommodative, as State Bank of Vietnam (SBV) interventions contained foreign exchange pressures and increased credit growth, the World Bank Group said in its country economic update.
Economy - Mon, September 8, 2025 | 7:46 pm GMT+7
