Sabeco listed on HOSE this morning

The Saigon Beer Alcohol Beverage JSC (Sabeco) officialy posted 641,281,186 shares at the HCMC Stock Exchange (HOSE) under the code SAB, plus/minus a 20 percent trading band, this morning.

A production line at Sabeco

The reference price for its 1st trading day on the HOSE is estimated to reach VND 110,000 per share (US$ 4.89).

At the starting price of VND 110,000 per share, SAB's market capitalization is ranked the fifth largest listed firm on HOSE behind dairy firm Vinamilk (VNM), Vietcombank (VCB), Vietnam Petrol Gas Corp (GAS) and the Vingroup (VIC).

For the first trading day, SAB increased 20 percent from VND 110,000 per share up to VND 132,000 per share.

On December 28, 2007, the Prime Minister issued the decision No.1862/QD-TTg approving the plan to turn Saigon Beer Beverage Company into Sabeco. Its chartered capital is over VND 6,412 trillion so far.

Nhung Nguyen -Translated by T.Tran

Other news

Most view

Photo: SGGP

RoK to open consulate office in Da Nang

The Republic of Korea (RoK)’s Ministry of Foreign Affairs is working on preparations for the opening of a General Consulate in the central city of Da Nang, a famous coastal tourism hub of Vietnam.

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.