Sabeco is the biggest Vietnamese beer maker (Photo: VNA)HCM City (VNA ) - The Saigon Beer, Alcohol and Beverages Corporation (Sabeco), a leadingbrewer in Vietnam, listed nearly 641.3 million shares (SAB) at a starting priceof 110,000 VND (4.89 USD) per share on the HCM Stock Exchange (HOSE) onDecember 6.
Addressing the firsttransaction, Nguyen Thi Lien Hoa, Vice Chairwoman of the State SecuritiesCommission of Vietnam (SSC) praised the joint efforts made by the companymanagement and employees to conduct the listing in line with the Government’sschedule.
Sabeco is the 399thcompany listed on HOSE with charter capital exceeding 6.4 trillion VND (282.1million USD). It is the fifth largest listed firm on Vietnam’s stock marketwith its market capitalization exceeding seven trillion VND (308 million USD),according to Hoa.
As per the company’snine-month financial report, its net revenue is more than 21.8 trillion (959.6million USD), an increase of nearly 9 percent year on year, while its pre-taxprofit is more than 4.5 trillion (198.44 million USD), an increase of 21percent year on year.-VNA
