Elmet Group to buy 4.99% stake in Masan High — Tech Materials for USD 124.75 million

The Elmet Group will invest USD 124.75 million to acquire a 4.99% equity stake in Masan High-Tech Materials. Transaction pairs the minority stake with multi-year supply agreements covering mined tungsten from Nui Phao and conversion services in Vietnam. Investment targets tighter control of tungsten supply, expansion of refining throughput, new product development, broader customer reach. Closing is expected in Q3 2026, subject to regulatory, corporate approvals. Elmet will receive one seat on Masan High-Tech Materials’ board, support its planned Ho Chi Minh Stock Exchange uplisting. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Elmet Group Co. published the original content used to generate this news brief via (Ref. ID: 202609232118PRIMZONEFULLFEED9833011) on September 24, 2026, and is solely responsible for the information contained therein. (C)