# Sojitz signs agreement to acquire 5% of Vietnam tungsten supplier Masan High-Tech Materials

- URL: https://talkfuse.com/story/sojitz-signs-agreement-to-acquire-5-of-vietnam-tungsten-supplier-masan-high-tech-materials/
- Published: 2026-11-09T06:08:44+00:00
- Updated: 2026-11-09T07:39:53+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/sojitz-signs-agreement-acquire-5-vietnam-tungsten-supplier-masan-high-tech-materials-6535521
- Topics: World

## Key points

- Sojitz plans to acquire 5 per cent of Masan High-Tech Materials.
- The stake will be bought from Masan Horizon.
- Final agreements are targeted by year-end, subject to approvals.

## Summary

Sojitz Corporation has signed a memorandum of understanding to acquire a 5 per cent stake in Vietnamese tungsten producer Masan High-Tech Materials. The proposed investment would give the Japanese trading company a share in a major supplier of a metal used in industrial applications.

The stake would be bought from Masan Horizon, a wholly owned subsidiary of Masan Group, for no less than the price paid by Elmet Group in its recent investment. In September, Elmet agreed to acquire 4.99 per cent of Masan High-Tech Materials at a valuation of about US$2.5 billion, putting that stake at roughly US$125 million. The parties aim to sign final agreements by the end of the year, subject to due diligence and regulatory approvals.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.