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IPO

Vietnam's Masan Group weighs IPO for consumer unit

Debut could raise over $1bn as CEO eyes overseas expansion

Masan Group's product lineup includes some of Vietnam's leading food brands. (Photo by Yuji Nitta)

HO CHI MINH CITY -- Vietnamese conglomerate Masan Group said Thursday that an initial public offering is a possibility for its consumer arm, in what could be the country's largest-ever stock market debut.

CEO Danny Le told shareholders that an IPO is an option to maximize the value of Masan Consumer Corporation. The company is a core unit of the Masan group, which has operations in retail, finance and other fields.

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