Sabeco shares offered for sale this morning

SGGP
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

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

BLF & LUT fined VND 145mln

The State Securities Commission of Vietnam (SSC) has just issued administrative fines worth VND 145 million to Bac Lieu Seafood Corp (BLF) and Luong Tai Investment & Construction Corp (LUT).