Singapore government fund lowers stake in Masan

15/09/2021 07:39 7

Singapore government fund lowers stake in Masan

The Government of Singapore has reduced its ownership in conglomerate Masan Group by a 1.65 percent stake, its second major sale this year. -

The Government of Singapore Investment Corporation (GIC) sold 19.5 million MSN shares owned by it and subsidiary Ardolis Investment on Sept. 9, according to a statement by Masan.

Masan Group’s profit in the first half surged eight times year-on-year to VND979 billion.

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