Masan has purchased a controlling share in the Phuc Long tea business
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Masan said on Wednesday that it had an extra $110 million to in the Phuc Long from 20% to 51%.
Masan initially purchased a 20% share in Phuc Long in May of last year for $15 million. The values the tea and coffee company at $355 million. Masan intends to open 2,000 of these this year, and Phuc Long will add up to VND3 trillion ($132 million) to the , which totaled VND88.6 trillion last year.
How much stake did Masan have in Phuc Long previously?
What is the value of the tea and coffee company after the acquisition?
What was the total income of the conglomerate last year?