MASAN INDUSTRIAL ONE MEMBER COMPANY LIMITED

The subject is an indirect subsidiary of Masan Consumer Corporation via Masan Food Company Limited. It is a manufacturing unit of the food segment of Masan Group. Masan Group is one of the famous large corporations in Vietnam, which specializes in investment management through direct subsidiaries operating in four main fields including branded consumer products; high-tech materials; meat value chain; and consumer retail. Besides, this group also participates in other segments such as financial services, telecommunications, food and beverage retail chains, and other services... MSN stocks of Masan Group were listed on HOSE at the end of 2009. 
Subject specializes in manufacturing spices (monosodium glutamate, fish sauces...), convenient foods (pasta, noodles...). The subject’s parent company is the main distributor for all of its products. Chinsu, Tam Thai Tu, Nam Ngu, Omachi, Tien Vua… are the famous brands of this group, which are highly appreciated by customers. Therefore, this company has a good position in the industry. 
In the past, Masan Group faced much negative news when this Group's fish sauces (Chinsu, Nam Ngu ...) were suspected of being made only from food additives but not from fish as they are advertised. Besides, in early 2019, chili sauce branded "Chinsu" was recalled in Japan because it contained benzoic acid that was banned for use in food in this country. Most recently, the Taiwan News Agency announced that a batch of Omachi instant noodles with spicy and sour shrimp flavor imported from Vietnam has an inappropriate residue of the pesticide ethylene oxide.