A road show will be held in Singapore and the UK to seek potential buyers of stakes of the Sai Gon Alcohol-Beer-Beverage JSC (Sabeco) as the State’s divestment plan in the company is going to finish (Photo: vneconomy.vn)Hanoi (VNA) – A road show will be held in Singapore and the UK to seekpotential buyers of stakes of the Sai Gon Alcohol-Beer-Beverage JSC (Sabeco) asthe State’s divestment plan in the company is going to finish, said theMinistry of Industry and Trade (MoIT).
Information about Sabeco’s production portfolio as well as its business performancewill be given to interested investors on November 24 at Rizt Carlton, 7 RafflesAvenue, Singapore and on November 27 at London Hilton On Park Lane, 22 Park Ln,Mayfair, London, the UK.
For more detailed information, investors can work directly with Sabecorepresentative at Sabeco office, 5th floor at Vincom Centre, 72 LeThanh Ton street, District 1, Ho Chi Minh City.
Earlier, the MoIT has announced the State divestment at Sabeco. Accordingly, thedivestment will be made on the principle of transparency, ensuring the highestbenefit to the State, based on market price, securing foreign ownership inaccordance with law and proposing solutions to preserve and develop theVietnamese beer’s brand name, MoIT said.
The sale will be conducted in acompetitive offering of shares among eligible investors in accordance with theregulations relevant to the share sale in Sabeco set by the MoIT.
The sale is forecast to be worth upto trillions of Vietnamese dong and will attract the attention of both domesticand foreign investors.
Sabeco is Vietnam’s largest beer producer, which holds about 40.9 percent ofthe nation’s 6.5 billion USD beer market and is attractive to foreigninvestors.
A number of institutional investorsand companies have expressed interest in buying Sabeco shares following theVietnamese Government’s decision to reduce its ownership in the southernbrewer. These potential investors include Japan’s Asahi Group, Thailand’sSingha, Kirin, Heineken and Anheuser-Busch InBev.
Sabeco’s main market is Vietnam, but it exports to about 20 countries.
In 2016, Sabeco recorded 30 trillion VND (1.32 billion USD) in revenue and 4.6trillion VND in post-tax profit, a yearly increase of 10 percent and 28percent, respectively.
In the first half of 2017, the company posted 15.75 trillion (693 million USD)in revenue and 2.56 trillion VND in post-tax profit.
Sabeco’s shares have declined for seven straight sessions to nearly 271,000 VNDper share (11.94 USD) on November 15, but it has still recorded a strong growthof over 37 percent since the start of this year.-VNA
Information about Sabeco’s production portfolio as well as its business performancewill be given to interested investors on November 24 at Rizt Carlton, 7 RafflesAvenue, Singapore and on November 27 at London Hilton On Park Lane, 22 Park Ln,Mayfair, London, the UK.
For more detailed information, investors can work directly with Sabecorepresentative at Sabeco office, 5th floor at Vincom Centre, 72 LeThanh Ton street, District 1, Ho Chi Minh City.
Earlier, the MoIT has announced the State divestment at Sabeco. Accordingly, thedivestment will be made on the principle of transparency, ensuring the highestbenefit to the State, based on market price, securing foreign ownership inaccordance with law and proposing solutions to preserve and develop theVietnamese beer’s brand name, MoIT said.
The sale will be conducted in acompetitive offering of shares among eligible investors in accordance with theregulations relevant to the share sale in Sabeco set by the MoIT.
The sale is forecast to be worth upto trillions of Vietnamese dong and will attract the attention of both domesticand foreign investors.
Sabeco is Vietnam’s largest beer producer, which holds about 40.9 percent ofthe nation’s 6.5 billion USD beer market and is attractive to foreigninvestors.
A number of institutional investorsand companies have expressed interest in buying Sabeco shares following theVietnamese Government’s decision to reduce its ownership in the southernbrewer. These potential investors include Japan’s Asahi Group, Thailand’sSingha, Kirin, Heineken and Anheuser-Busch InBev.
Sabeco’s main market is Vietnam, but it exports to about 20 countries.
In 2016, Sabeco recorded 30 trillion VND (1.32 billion USD) in revenue and 4.6trillion VND in post-tax profit, a yearly increase of 10 percent and 28percent, respectively.
In the first half of 2017, the company posted 15.75 trillion (693 million USD)in revenue and 2.56 trillion VND in post-tax profit.
Sabeco’s shares have declined for seven straight sessions to nearly 271,000 VNDper share (11.94 USD) on November 15, but it has still recorded a strong growthof over 37 percent since the start of this year.-VNA
VNA
