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Update news Saigon Beer-Alcohol-Beverage Corporation
The Government will sell its 36% stake, equivalent to 230.8 million shares worth some VND37.6 trillion (US$1.6 billion), in the Saigon Beer-Alcohol-Beverage Corporation (Sabeco), the country’s biggest brewery, this year.
Thailand’s Thai Beverage Public Co Ltd has denied it is seeking potential investors to buy its business in Viet Nam.
Saigon Beer-Alcohol-Beverage Corporation (Sabeco) has no plan to sell shares to Chinese firms, Sabeco general director Neo Gim Siong Bennett said at the firm’s annual shareholder meeting on April 12.