Daughter of Masan Chairman Nguyễn Đăng Quang plans to purchase 10 million MSN shares

DNHN - The Vietnamese stock market is abuzz as Nguyễn Yến Linh, daughter of Masan Chairman Nguyễn Đăng Quang, announced her plan to buy 10 million MSN shares between October 29 and November 18, 2024.

Amidst ongoing fluctuations in Vietnam's stock market, the news of Nguyễn Yến Linh's intention to acquire 10 million MSN shares has sparked positive reactions among investors. Given that MSN shares closed at 78,500 VND per share, the total investment she plans to make is approximately 785 billion VND, representing 0.66% of the group's charter capital.

This move is not merely an investment decision but also reflects her confidence in the sustainable growth potential of Masan in the future.

Nguyễn Yến Linh is one of the three children of Nguyễn Đăng Quang and Nguyễn Hoàng Yến, both of whom hold important positions within the Masan Group. The family currently owns nearly 50.9 million MSN shares, mainly under the name of Nguyễn Hoàng Yến. With Linh's participation in investing in MSN shares, the family's total holdings in Masan could rise to nearly 60.9 million shares, equivalent to 4.02% of the charter capital.

This increase not only raises the family's asset value but also reinforces investor confidence in Masan’s strong and sustainable growth. With active involvement from family members within the company, maintaining a close link between the family and the business will continue to offer strategic benefits in management and development.

Nguyễn Đăng Quang is not only the head of Masan Group but also one of six USD billionaires in Vietnam, according to Forbes. With an estimated fortune of $1.2 billion as of now, he has made a significant mark in the consumer goods and retail industry in Vietnam. His leadership, combined with a PhD in Technical Science and a Master’s in Business Management, has helped Masan grow into one of Vietnam’s largest corporations.

Mr. Quang holds the dual role of Chairman and CEO of Masan Corporation, while also serving in leadership positions at various subsidiaries and strategic partners. Diversified investments have enabled Masan to maintain its competitive edge and expand its operational scale.

In Q3 2024, Masan Group recorded net revenue of 21.487 trillion VND, a 6.6% increase compared to the same period last year. This growth was mainly driven by the retail consumer sector, indicating stable development potential despite a volatile market environment.

Notably, EBITDA reached 4.233 trillion VND, up 13.2% from Q3 2023. This result demonstrates a significant improvement in profitability across the consumer business segments. Net profit after tax was 701 billion VND, marking a record increase of 1,349% compared to the same period last year. These impressive figures not only signal recovery but also reflect the group’s resilience in overcoming challenges and seizing opportunities.

With Nguyễn Yến Linh's investment decision, the long-term vision of the Chairman’s family for Masan is clearly evident. Investing in shares is not just about enhancing personal standing but also about boosting the confidence of other investors. This could set off a positive chain reaction, attracting further external investment while expanding cooperation and development opportunities.

Masan has made steady progress in brand building and product improvement. Investments in new technology, sustainable development, and a focus on market demands will help the group maintain its competitive position in the consumer goods sector.

The announcement of Nguyễn Yến Linh’s share purchase is not just a personal strategic move but also a reflection of the strong confidence the Chairman’s family holds in the future growth of Masan Group. With the support of family members and the astute leadership of Nguyễn Đăng Quang, Masan can continue to achieve success and solidify its position in Vietnam's consumer industry.

Investors and the stock market are closely monitoring this move, expecting sustainable recovery for Masan in the near future. The involvement of the younger generation in the Chairman's family not only brings a fresh perspective but also helps carry forward the legacy of business growth and strong development in the future.

Dai Hai