Press releases
June 24, 2024
Masan Group Clarifies False Reports on SK Group's Put Option Exercise

Ho Chi Minh City, 24 June 2024 - Masan Group Corporation (HOSE: MSN, "Masan" or the "Company"), today would like to address the recent news in South Korea on SK Group's investment stake in Masan Group:

  • According to the article, SK Group ("SK") "has exercised a put option (the right to sell shares) to sell 9% of its stake in Masan Group". To date, SK has not exercised the put option.

  • The two companies are in the final stage for an orderly and market-based process for SK Group to reduce their stakes at Masan Group, targeting professional pre-identified investors who are familiar with MSN's business operations, subject to optimal market conditions. This process is designed to protect and maximize the interests of the shareholders of both companies.

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Ma San Group Corporation published this content on 24 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 June 2024 07:39:21 UTC.