Customers shop at a WinMart store belonging to Masan Group. Masan announced on October 2 that Bain Capital, a global private investment firm, has agreed to invest at least $200 million in its equity at a price of VNĐ85,000 per share. — Photo courtesy of Masan Group. Masan Group Corporation (HOSE: MSN) announced on October 2 that Bain Capital, a global private investment firm with assets worth US$180 billion under management, has agreed to invest at least $200 million in its equity at a price of VNĐ85,000 per share. The money will be used to strengthen the company’s financial position and deleverage its balance sheet. This marks Bain Capital’s first ever investment in Việt Nam and underscores its confidence in Masan’s ability to grab the immense opportunity offered by 100 million Vietnamese consumers’ daily grocery, financial and other life needs. The investment will be in the form of Convertible Dividend Preference Share (CDPS) which can be converted into ordinary shares at a … [Read more...] about Bain Capital leads Masan’s equity funding round of up to $500 million
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Bain Capital leads Masan Group’s equity funding round
The transaction is an equity investment in the form of Convertible Dividend Preference Share (CDPS) to be issued at a price of VND85,000 ($3.49) per share, which can be converted into ordinary shares at a 1:1 conversion ratio. In addition to the normal dividends payable (if any) to the company’s shareholders, the CDPS has no preference dividend for the first five years, then followed by a 10 per cent preference dividend at par value of each outstanding CDPS per annum from the sixth anniversary onwards. On the tenth anniversary of the issuance, the outstanding CDPS will be mandatorily converted into ordinary shares of Masan Group. Masan is also in discussion with other investors to upsize the investments to up to $500 million, which is subject to prevailing market conditions and the company’s capital needs. Proceeds from the transaction will be used to strengthen the company’s financial position and de-lever its balance sheet. This marks Bain Capital’s first-ever investment in … [Read more...] about Bain Capital leads Masan Group’s equity funding round
Ba Huan runs on real-time data thanks to SAP and FPT
Ba Huan has pioneered the application of FPT's modern and comprehensive digital technology system to transform its purely agricultural model. Thanks to this digital transformation, Ba Huan is aiming to keep pace with development trends globally and become a leading food solution provider in Vietnam. The digital transformation platform, developed by FPT applications with an SAP core system, is designed to help Ba Huan's board of directors manage in real-time and create a seamless management process with strict oversight over every stage. FPT's successful deployment of its closed management feed-farm-food system for Ba Huan includes the in-depth RISE with SAP solution set for the agricultural industry, with three sets of packaging solutions on the SAP platform, and three made by FPT applications. They are being applied across the entire Ba Huan network, including at its headquarters, factories, and subsidiaries located in Ho Chi Minh City, Binh Duong, Long An, and Hanoi. … [Read more...] about Ba Huan runs on real-time data thanks to SAP and FPT
UB’s Smart Solutions for Industrial 4.0
UB office in Batu Kawan Penang, Malaysia UBCT, which on September 29 was rebranded to UB Group, was founded in 1995 in an attempt to revolutionise inventory tracing in the semiconductor industry. The company embarked on a transformative journey, starting with a focus on specialised machine servicing within the molding industry. By 2006, the company transitioned into research and development, specialising in material management systems and development for the semiconductor Industry. Over the years, it evolved and expanded, introducing innovative software solutions for dashboards and command centres and successfully implementing total lights-off manufacturing solutions in collaboration with their Shanghai counterpart. In 2017, the company shifted its focus to cutting-edge automated warehouse solutions. Subsequently, a new division emerged, dedicated to AI and autonomous robotic solutions, embracing the future of automation. The rebranding to UB Group this year reflects its … [Read more...] about UB’s Smart Solutions for Industrial 4.0