Masan stock: Sojitz plans 5% stake in tungsten unit

Published on 11/11/2026 at 01:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Masan stock is in focus after Sojitz agreed to pursue a stake in its tungsten unit. The partners also plan long-term Japanese distribution.

Sojitz expands Masan materials strategy

Sojitz plans to acquire a 5% stake in Masan High-Tech Materials from Masan Horizon.
The proposed partnership would distribute tungsten and fluorspar products to Japanese industrial customers.
Masan targets a 2027 filing for an MSR listing while retaining control.

Masan, VN000000MSN4, Illustration mit AI erstellt.

Masan Group and Japan's Sojitz signed a memorandum of understanding on Monday, November 9, 2026, covering a planned strategic investment in Masan High-Tech Materials. The agreement gives Masan's materials subsidiary a new route into Japanese industrial markets.

Sojitz targets strategic materials stake

Under the memorandum, Sojitz plans to acquire 5% of Masan High-Tech Materials from Masan Horizon, a wholly owned Masan Group subsidiary. The price would be no lower than the price paid by US strategic partner The Elmet Group in its investment completed on October 1, 2026.

Sojitz also plans to distribute MSR's tungsten and fluorspar products in Japan. The target customers include semiconductor, artificial-intelligence infrastructure, aerospace, energy, automotive, cemented-carbide and chemical industries. The parties expect to sign definitive agreements by the end of 2026, subject to due diligence and customary approvals.

International partnerships support MSR

The agreement is the second step in MSR's shareholder programme, which Masan's board approved on September 24, 2026. Masan said the programme is designed to secure long-term commercial partnerships and build an institutional investor base ahead of a planned Ho Chi Minh City Stock Exchange listing, for which MSR targets filing in 2027.

In its press release, Masan said MSR will remain under Masan Group's control. The company described MSR as one of the few tungsten producers qualified by customers in the United States, Japan, South Korea and Europe.

Business model and market position

Masan Group is a Vietnam-based conglomerate with a consumer-oriented mission and an industrial materials business through MSR. MSR operates the Nui Phao mine and a refining facility in Thai Nguyen, producing tungsten and fluorspar products for semiconductor, precision-engineering and other industrial customers. Its position is shaped by qualified supply relationships across major industrial markets and by its role as a specialist materials platform within the broader Masan group.