Vietnam’s Masan Secures Japan’s Sojitz as Second Strategic Investor in Tungsten Business
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6 Articles
Sojitz signs MOU for 5% Vietnam tungsten stake
Sojitz Corporation (TYO: 2768), listed on the Tokyo Stock Exchange, signed a memorandum of understanding on Monday to acquire 5 per cent of a Vietnamese tungsten producer. The Nov. 9 announcement sets a price floor tied to an earlier investment that valued the producer at US$2.5 billion. Sojitz shares closed higher at ¥4,916 in Tokyo at 3:30 p.m. JST on Monday (TYO: 2768), according to Google Finance. The seller would be a wholly owned subsidiar…
Japanese conglomerate Sojitz plans to acquire a 5% stake in Masan High-Tech Materials (MSR) and sign an agreement to distribute tungsten and fluorite products in Japan.
(Dan Tri Newspaper) - Following the sale of shares to an American corporation in October, which brought in $125 million, a Japanese partner is now planning to acquire 5% of Masan High-Tech Materials, owned by billionaire Nguyen Dang Quang.
On November 9th, Masan Group Corporation signed a Memorandum of Understanding with Sojitz Group (Japan).
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