Masan Group Corporation announced a private placement to issue 143,084,340 convertible preferred shares at an issue price of VND 85,000 per share for the gross proceeds of VND 12,162,168,900,000 on October 1, 2023. The shares are restricted to a hold period of 3 years and has been approved by the shareholders of the company. The transaction is subject to State Securities Commission of Vietnam and is convertible ending would be 10 years.

The transaction will include participation from 99 investors. The transaction is expected to issue time is from 2023 or 2024.