This move is to prepare for the corporation’s stock market debut on the Unlisted Public Company Market (UPCoM). Masan Consumer is considered as one of the largest local fast-moving consumer goods (FMCG) companies in Vietnam.
It manufactures and distributes a wide range of food and beverage products, including soya sauce, fish sauce, chilli sauce, instant noodles, instant coffee and popular bottled beverages such as Chin-su, Nam Ngu, Tam Thai Tu, Omachi, Kokomi, Vinacafé and Vinh Hao. The company exports to the United States, Canada, France, Russia, Germany, China, the Middle East and other Asian countries.
Masan Consumer has a charter capital of around 5.4 trillion VND (242 million USD), equivalent to 538.2 million shares. Its parent company, Masan Consumer Holdings, holds 499.9 million shares, or 96.1 percent of its voting shares. Masan Consumer itself has 18 million shares as treasury stocks. The remaining 20 million shares are freely transferable in the market.
In the first nine months of this year, Masan Consumer earned 9.1 trillion VND in total revenue and 1.65 trillion VND in net profit, up 6 percent year-on-year in revenues but down 4 percent year-on-year in profits.
After closing the list, the corporation will undertake other required procedures, such as depositing shares and filing the listing application on the UPCoM.
In January 2016, Masan Consumer Holdings paid around 780 million USD to purchase 97.7 million shares of Masan Consumer at 179,000 VND per share.
If the company debuts shares on the UPCoM at this price, its market capitalisation will hit 93 trillion VND (4.2 billion USD), which is three times higher than the market value of Hanoi Beer Alcohol and Beverage Joint Stock Corporation ( Habeco), the biggest listed stock on the UPCoM at 29 trillion VND.
UPCoM, which went live in June 2010, is a market for unlisted or delisted public companies under the management of the Hanoi Stock Exchange. It now has 366 stocks with a total market capitalisation of around 170 trillion VND (7.6 billion USD).
Many companies have recently opted to list their shares on the UPCoM because of the advantages of a central and transparent trading platform, but with lower listing standards compared to the HCM Stock Exchange and Hanoi Stock Exchange.