Masan Group Corporation announced a private placement to issue 57,306,590 convertible dividend preference shares at an issue price of $3.49 per share for the gross proceeds of $199,999,999.1 on October 2, 2023. The transaction will include participation from new investor Bain Capital Private Equity, LP. The transaction is expected to close in December, 2023.

The Transaction is subject to customary corporate and regulatory approvals. The company is also discussion with other investors to upsize the investments to up to $500,000,000 which is subject to prevailing market conditions and the Company's capital needs. On the 10th anniversary of the issuance the outstanding CDPSs will be converted into ordinary shares of company.