Business News

  • Sabeco seeks to sell State stake soon

  • Thursday, 4/20/2017

  • AsemconnectVietnam - The board of Sabeco, the country’s leading brewery, has asked the Ministry of Trade and Industry to sell the State stake at Sabeco soon to turn the enterprise into a public company.

  • The stake will be put up for auction on the local stock exchange, Sabeco said. A consultant will be chosen to draw up a divestment plan, said Sabeco chairman Vo Thanh Ha at the corporation’s annual general meeting on April 18.

    In response to a question on the divestment roadmap, Le Hong Xanh, a member of the board, said the Ministry of Industry and Trade had sent a divestment plan to the Government. Meanwhile, chairman Ha said he had just received a dispatch on capital divestment from the ministry

    Sabeco has been listed on the Hochiminh Stock Exchange. However, the ministry still held an 89.59% stake in the brewery by late last year.

    Sabeco’s total beer sales amounted to 1.65 billion liters last year, 6.9% higher than the full-year forecast and 8.3% more than the previous year.

    Sabeco reported total consolidated revenue of over VND31.75 trillion, 11% higher than estimated, and up 13% against 2015. Its after-tax profit reached some VND4.7 trillion, growing 33% over 2015 and beating the full-year target by  28%. The dividend was 30%.

    Source:  thesaigontimes.vn

  • In bài này   Quay lại
    © Vietnam Industry and Trade Information Center ( VITIC)- Ministry of Industry and Trade
    License: No 56/GP-TTDT  issued by the Ministry of Information and Communications.
    Address: Room 605, 6 th Floor, The Ministry of Industry and Trade's Building, No. 655 Pham Van Dong Street, Bac Tu Liem District - Hanoi.


    Tel. : (04)38251312; (04)39341911- Fax: (04)38251312
    Websites: http://asemconnectvietnam.gov.vn; http://nhanhieuviet.gov.vn
    Email: Asem@vtic.vn; Asemconnectvietnam@gmail.com

     
     
    Hitcounter : 61081808