StartupsDealStreetAsiaabout 2 hours ago
Elmet Group Buys 5% Stake in Masan High-Tech
2 min read
US-based Elmet Group acquires a 4.99% stake in Masan High-Tech Materials at a $2.5 billion valuation, securing an eight-year tungsten supply deal worth $1.5 billion in gross revenue for MSR. Masan Group retains 87.46% control as it pursues long-term partnerships to strengthen critical mineral supply chains beyond China.
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