SINGAPORE, Aug. 1, 2013 /PRNewswire/ -- The Chandler Corporation today announced an investment in Ma San Group Corporation ("Masan") to acquire 8.3% of the company's issued and outstanding common shares. With its investment, the Chandler Corporation now owns 11.14% of Masan and becomes one of the Company's largest shareholders.
As one of the largest private-sector companies in Vietnam, Masan has an impressive track record of building leading consumer products, financial services, and resource businesses. Masan's entrepreneurial spirit and commitment to building shareholder value has seen its key businesses -- Masan Consumer, Techcombank, and Masan Resources -- become market leaders in Vietnam's fastest growing industries.
Vietnam's Growing Middle Class Drives Long-Term Growth Potential
Vietnam's demographics and rising income levels will continue to support the growth in domestic consumption. Income has increased six-fold in the past 20 years and the middle class has doubled in size over the last five years. This growing middle class is supporting the expansion of the financial services and consumer sectors -- such as food and beverage -- which account for more than 50% of total consumption.
David Walker, CEO of the Chandler Corporation, remarked: "The Chandler Corporation believes in building and developing world-scale companies, which create value and drive national prosperity. Vietnam is a country with huge potential. Increasing our investment demonstrates the Chandler Corporation's support for Masan's management team and our belief that Masan will be a leading business which competes in the global marketplace."
The Chandler Corporation builds and operates businesses in energy and environment, consumer, financial services, and healthcare, with operations in Asia and the Pacific, Africa, the Americas, Europe, and the Middle East. The Corporation's vision of Building Great Companies and Great Nations reflects its belief in the power of business to drive national prosperity. In all its work, the Corporation places a special emphasis on good corporate governance as a crucial element of business sustainability and increasing stakeholder value.
For further information, please visit the Chandler Corporation website at www.chandlergroup.com.
Enquiries:
James Macarthur
Managing Director, Head of Investments
Email: jm@chandlergroup.com
Media enquiries:
Terence Foo
Managing Director, Newgate Communications
Email: terence.foo@newgatecomms.com.sg
Yuan See Lim
Partner, Newgate Communications
Email: yuansee.lim@newgatecomms.com.sg
Tel: +65-9369-2250
