Elmet Group to buy 4.99% stake in Masan High-Tech Materials for USD 124.75 million
Bitget2026/09/24 01:18- The Elmet Group will invest USD 124.75 million to acquire a 4.99% equity stake in Masan High-Tech Materials.
- Transaction pairs the minority stake with multi-year supply agreements covering mined tungsten from Nui Phao and conversion services in Vietnam.
- Investment targets tighter control of tungsten supply, expansion of refining throughput, new product development, broader customer reach.
- Closing is expected in Q3 2026, subject to regulatory, corporate approvals.
- Elmet will receive one seat on Masan High-Tech Materials’ board, support its planned Ho Chi Minh Stock Exchange uplisting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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