Elmet Group to buy 4.99% stake in Masan High-Tech Materials for USD 124.75 million - ELMT News | RalliesElmet Group to buy 4.99% stake in Masan High-Tech Materials for USD 124.75 million
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ELMT• Elmet Group to invest in Masan High-Tech Materials
- The Elmet Group will invest USD 124.75 million to acquire a 4.99% equity stake in Masan High-Tech Materials.
- The transaction pairs the minority stake with multi-year supply agreements covering mined tungsten from Nui Phao and conversion services in Vietnam.
- The investment targets tighter control of tungsten supply, expansion of refining throughput, new product development and broader customer reach.
- Closing is expected in Q3 2026, subject to regulatory and corporate approvals.
- Elmet will receive one seat on Masan High-Tech Materials’ board and support its planned Ho Chi Minh Stock Exchange uplisting.
