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

Vietnam qualified to export catfish to the US

Vietnam qualified to export catfish to the US

The Food Safety and Inspection Service (FSIS) under the US Department of Agriculture recently proposed that Vietnam would be eligible to export catfish and other fish products to the US market, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

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

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

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

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.