With value of over VND90 trillion, Masan Group (MSN) is one of 10 companies with the highest capitalization value in the stock market. 

Among private conglomerates, Masan’s value is lower than Vingroup, VinHomes and Techcombank, while it is much bigger than Vietjet (air carrier), Hoa Phat Group (steel manufacturing) and Novaland (real estate). 

Techcombank, one of the most prestigious joint stock banks in Vietnam, also has big shareholders who are Masan’s key leaders.

However, the founders of Vietjet and Hoa Phat all have been named on the list of dollar billionaires. But the two founders and key shareholders of Masan, president Nguyen Dang Quang and deputy president Ho Hung Anh, are not named.

The problem is that the two businessmen indirectly hold control over Masan Group through two legal entities – Masan Corp JSC and Hoa Huong Duong Construction Co Ltd, where Masan Corp holds 100 percent of capital. Thus, it is difficult to assess the exact amount of stock assets of the businessmen.

However, according to CafeF, the ownership ratios of the two businessmen have been identified. Quang reportedly holds 48.51 percent, while Anh has 47.56 percent of Masan Corp.

The remaining 4 percent of shares in Masan Corp belong to Nguyen Thieu Nam (2 percent), Nguyen Thanh Hai (1 percent) and Nguyen Hoang Yen, the wife of Quang (0.54 percent).

Masan Corp and Hoa Huong Duong are holding 45.3 percent of shares in Masan Grou, worth VND41.4 trillion as per current market price. 

With 49 percent of Masan Corp’s shares, Nguyen Dang Quang and his wife now indirectly hold Masan Group shares worth VND20.3 trillion.

If counting the Masan Group and Techcombank shares they hold the couple now owns both directly and indirectly, the total stock assets are worth VND24 trillion.

Ho Hung Anh and his family hold fewer shares in Masan Corp than Quang, but have a high amount of shares in Techcombank.

Anh, his mother, wife, son and sister in law hold 17 percent of Techcombank shares, worth VND16.2 trillion, plus VND1 trillion worth of Masan Group shares.

If counting the Masan Corp shares that Anh and his family members own indirectly, they control assets valued at VND37 trillion.

Bloomberg has named Masan Group’s president Nguyen Dang Quang as one of the two new US dollar billionaires in Southeast Asia. 

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Chi Nam