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Masan has purchased a controlling share in the Phuc Long tea business

Trung cấp
Business

February 10

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blog-cover-editor

Masan said on Wednesday that it had

committed
an extra $110 million to
boost its stake
in the Phuc Long
beverage business
from 20% to 51%.

Masan initially purchased a 20% share in Phuc Long in May of last year for $15 million. The

current acquisition
values the tea and coffee company at $355 million. Masan intends to open 2,000 of these
mini-malls
this year, and Phuc Long will add up to VND3 trillion ($132 million) to the
conglomerate's income
, which totaled VND88.6 trillion last year.

Từ vựng

VOCAB 1/6

committed

cam kết đầu tư

card-vocab

boost its stake

tăng cổ phần của mình

card-vocab

beverage business

lĩnh vực kinh doanh đồ uống

card-vocab

current acquisition

mua lại hiện tại

card-vocab

mini-malls

trung tâm thương mại mini

card-vocab

conglomerate's income

doanh thu của tập đoàn

card-vocab

Quiz

QUIZ 1/3

How much stake did Masan have in Phuc Long previously?

$110 million

0% chọn

20%

0% chọn

51%

0% chọn

What is the value of the tea and coffee company after the acquisition?

What was the total income of the conglomerate last year?

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