Recently, some news outlets reported ThaiBev was planning to sell beer producer Sabeco and the ministry could buy the firm at a price of VND130,000 (US$5.6) per share.
Shares of Viet Nam’s biggest brewer Sabeco will be sold at an initial price of VND320,000 (US$14) apiece during the sale of the State’s majority stake in the company, whose shares are coded SAB on the HCM Stock Exchange.
US-based MSCI Inc. has added two Vietnamese stickers ROS (FLC Faros Construction JSC) and SAB (Saigon Beer Alcohol Beverage Corp) to its basket for calculation of the MSCI Frontier Markets Index
Shares slipped further yesterday on the HCM Stock Exchange, driven by steep declines of Vinamilk (VNM) and Sabeco (SAB), the two largest listed stocks.