Vietnams Masan High-Tech seeks approval for 5% private placement to fund tungsten expansion

HANOI, Oct 5 (Reuters) - Vietnamese tungsten producer Masan High-Tech Materials is seeking shareholder approval for a private placement of up to 5% of its shares to long-term investors to fund mine expansion and downstream processing, following a stake sale to the Pentagon-backed US producer Elmet Group last month.* The shares would be offered to strategic investors, domestic and foreign institutional investors and professional securities investors, the company said in a filing dated October 1.* Masan High-Tech owns Nui Phao…