[ad_1]
Logo of the Bain Capital is screened at a news conference in Tokyo, Japan September 28, 2017. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing Rights
HANOI, Oct 2 (Reuters) – Vietnamese conglomerate Masan Group (MSN.HM) has secured funding of at least $200 million from Bain Capital, with the possibility of bringing in other investors to increase that to as much as $500 million, the two entities said on Monday.
Proceeds, according to fast-moving consumer goods firm Masan would be used to strengthen the its financial positions.
The investment would be in the form of convertible dividend preference share at a price of 85,000 dong ($3.50) per share which can be converted into ordinary shares at a 1:1 conversion ratio, Masan said in a statement.
($1 = 24,310.0000 dong)
Reporting by Phuong Nguyen; Editing by Martin Petty
Our Standards: The Thomson Reuters Trust Principles.
[ad_2]
Source link