Sabeco shares offered for sale this morning

The Ministry of Industry and Trade this morning publicly announced information about the plan and project to withdraw state capital from Saigon Beer, Alcohol and Beverage Corporation (Sabeco) at HCMC Stock Exchange, 16 Vo Van Kiet Boulevard, HCMC.
Previously on November 24 and 27, two road shows were successfully organized in Britain and Singapore to supply initial information for investors to make their investment decisions.
Deputy Minister of Industry and Trade Cao Quoc Hung said that Sabeco capitalization value is VND205 trillion (US$9 billion) so state capital withdrawal needs the attendance of locally and abroad large investors.
Still capital ownership ratio for foreign investors at the company does not top 49 percent according to regulations. Meantime, the ownership ratio by domestic companies is not permitted to exceed market dominance levels.
Sabeco now holds 40.9 percent of Vietnam’s beer market share. The country is among 25 largest beer consumption nations in the world and three largest in Asia.

By VAN PHUC - Translated by Hai Mien

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