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Masan spends 15 million USD to buy 20% shares of Phuc Long milk tea system

Spending $15 million to buy a 20% stake in Phuc Long Heritage, the company that owns the Phuc Long coffee and tea retail chain brand, Masan hopes to develop the "Phuc Long Kiosk" model through a network of more than 2,200 stores. VinMart is available. It is expected that 1,000 Phuc Long Kiosk will be opened within the next 18-24 months through the cooperation between Masan and Phuc Long.

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