Masan said it has completed the sale of 14.3 percent of Masan Consumer to Singha Asia
The businesses generated 48 percent of Masan's revenue
The food giant has Cambodia, Laos, Myanmar, and Thailand and sales of $5 billion in its sights
Vissan, which had its IPO early this month, aims to bring the government ownership to 65 percent
It now owns a stake of 5.08 percent in the group, one of the biggest food companies in Vietnam
Singaporean fund sells 6-percent stake for almost US$58 million
Definitive offers are expected by mid-April
"Masan's extensive distribution platform will help Singha reach a market of 90 million people that is expanding quickly"
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"All domestic and foreign investors, regardless of their economic structure or sector, can join the bidding," official said
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The 40 top brands, mostly young companies, are valued at around $5 billion in total
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