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Sustainability & CircularityPrivate equityPortfolio & Strategy 22 Oct 2026

Brookland buys first stake in Vietnam's Miza under deal worth up to USD 5m

Brookland Group & Partners, an investment firm operating from Dubai and Singapore, has completed a first investment in Vietnamese recycled paper and packaging producer Miza under a long-term agreement worth up to USD 5m. The shares were bought from an existing shareholder without new issuance, and neither the first-tranche amount nor the stake was disclosed. Brookland plans to raise its holding in stages and puts Miza's 2025 revenue at about USD 185m.

Why this mattersA staged entry by a Dubai and Singapore investor shows foreign capital turning to Vietnam's recycled packaging paper, where 2025 consumption of 7.77m tonnes outran domestic output.

  • Brookland's first investment in Miza is part of a long-term agreement worth up to USD 5m.
  • The shares were bought from an existing Miza shareholder; Miza issued no new shares.
  • Neither the first-tranche amount nor the percentage stake has been disclosed.
  • Brookland plans to increase its holding in further stages.
  • Miza, founded in 2010 and listed as MZG, makes industrial packaging paper, cartons and paper bags from waste paper at its main plant in Nghi Son, Thanh Hoa Province.
  • Brookland puts Miza's 2025 revenue at about USD 185m.
Miza Joint Stock Company Brookland Group & Partners Miza counterparty
Sources finance.aseancoverage.com vietnam.vn ES vietnam.vn UK
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-25 · Edited before publication: Two sources say the first investment belongs to a long-term agreement worth up to USD 5m; the story left that out. Only the first-tranche amount and the stake are undisclosed. A deal of that size is routine, so materiality goes to 2 and the sustainability topic is removed.
  • 2026-10-25 · Edited before publication: The 'why this matters' line said the deal 'keeps Brookland a small holder' by comparing the USD 5m cap with revenue. Revenue does not determine stake size, and the stake is undisclosed, so the claim is ungrounded. Rewritten using the Vietnamese paper supply and demand figures from the source. The directory also lists Miza twice; the two entries need merging.