Elmet Group to buy 4.99% of Masan High-Tech for $124.75M, board seat

Elmet Group Co.

Elmet Group (ELMT) enters SPA to acquire 55,138,174 MSR shares (4.99%) for ~$124.75M; closing expected Oct 1, 2026.
Break fee of $24.95M if either party fails to close by long stop date; settlement expected Oct 5, 2026.
Shareholders' agreement: ELMT gets one Masan board seat, 80% dividend payout target for 3 years, 18-month lock-up.
Commercial agreements: MSR to supply mined tungsten from Nui Phao Mine and conversion services; offtake deals signed before closing.
Follows US government's $450M investment in ELMT announced Sept 14, 2026; supports MSR uplisting to Hanoi exchange.

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