Bao Viet sells Sabeco shares, earns VND95 billion

bizhub

Insurer Bao Viet Holdings (BVH) on Tuesday sold its entire stake in the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) for VND95 billion (US$4.2 million).

 

Beer products of Sabeco on shelve at a supermarket. — Photo vietnamnet.vn

Insurer Bao Viet Holdings (BVH) on Tuesday sold its entire stake in the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) for VND95 billion (US$4.2 million).

The insurer sold 500,000 shares at VND190,000 per share. On the same day, Sabeco was being traded at around VND197,000 per share.

Sabeco made its debut of 641.28 million shares on the HCM Stock Exchange at a reference price of VND110,000 per share, under the code of SAB, on December 6.

On Thursday morning, Sabeco closed at VND197,200 per share. — VNS

  • Share:

see also

Market cautious as liquidity drops significantly

Market cautious as liquidity drops significantly

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed at 1,272.87 points, down 1.17 points or 0.09 per cent. Market breadth remained negative, with 171 declining stocks, 149 advancing and 49 unchanged. Liquidity saw a sharp decline to...
Việt Nams aviation industry soars towards growth

Việt Nam's aviation industry soars towards growth

Vietnamese airlines are proactively gearing up, expanding their fleets and launching early ticket sales for the Lunar New Year to cater for the rising demand.
Blue chips drive strong market rally, VN-Index surpasses 1,270 points

Blue chips drive strong market rally, VN-Index surpasses 1,270 points

The VN30-Index, which represents the 30 largest stocks by market capitalisation on the HoSE, soared by 19.21 points, or 1.45 per cent, to settle at 1,342.48 points. Remarkably, all 30 stocks in the VN30 basket closed in positive territory.
Finance ministry announces five credit rating enterprises

Finance ministry announces five credit rating enterprises

One more company has been granted the certificate of eligibility since August.
Market mixed as foreign bloc restarts net buying

Market mixed as foreign bloc restarts net buying

Market breadth remained negative, with 184 stocks declining, 143 advancing and 44 unchanged. Liquidity surged to VNĐ15.9 trillion (approximately US$624.35 million), marking a 29.2 per cent increase compared to the previous session.