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

Masan said on Wednesday that it had

an extra $110 million to in the Phuc Long from 20% to 51%.

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

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

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