Masan High-Tech to sell 4.99% stake to US-based tungsten supplier Elmet
24/09/2026 01:52
Masan High-Tech to sell 4.99% stake to US-based tungsten supplier Elmet HANOI, Sept 24 (Reuters) - Vietnamese tungsten producer Masan High-Tech Materials Corp said on Thursday it will sell a 4.99% stake to US-based tungsten products supplier Elmet Group ELMT.O.
Masan High-Tech also said it will sign a tungsten supply deal with Elmet worth an estimated $1.5 billion for at least eight years.
(Reporting by Phuong Nguyen; Editing by Muralikumar Anantharaman)
((Phuong.Nguyen@thomsonreuters.com; +84-24-3852-9623))
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