House Foods invests in Vietnam

The leading Japanese Beverage and Food Company, House Foods Corporation, signed an agreement to invest US$20 million in Vietnam’s Masan Group on December 4.

From this merger, House Foods will purchase 9 million shares of Masan Group with VND40,000 per share, accounting for 1.85 percent of the Masan total shares.

Masan Group specializes in food, beverage and financial services. It listed on Ho Chi Minh City Security Market in November 2009 to be valued at US$1 billion.

Established in 1913, House Foods’ products include, sauces, spices, canned food, cooked food, drinks, and snack. It has representative offices, factories, and research and development centres in Japan, China, Taiwan, the United Kingdom and the United State.

Tags: House Foods, Vietnam investment

Posted by VBN on Dec 5 2009. Filed under HEADLINES, Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry