VietNamNet Bridge – The Ministry of Finance of Singapore has reported that it has increased ownership of the Singaporean Government in the Masan Group of Vietnam (MSN) to 5.08%.

Mr. Derrick Wan, an official of the Singaporean Ministry of Finance, who was authorized to disclose information, sent a dispatch to the State Securities Commission of Vietnam on the Singaporean government’s purchase of an additional 27.6 million shares to become a big shareholder of this group.

Before the transaction, the Singapore Government already owned 10.27 million shares (1.38% of capital) at Masan Group.

With the additional purchase, this shareholder has increased its ownership to 37 million shares (5.08%) and became a major shareholder. The date of the transaction is March 14.

Earlier, the HCM City Stock Exchange announced that on March 14, Orchid Capital Investment Pte, a major shareholder of Masan, successfully sold the entire 44.78 MSN million shares. This organization has no longer held any share of Masan.

Nam Nguyen