09:20 | 09/12/2016 Companies
The Saigon Beer, Alcohol and Beverages Corporation (Sabeco), a leading brewer in Vietnam, listed nearly 641.3 million shares (SAB) at a starting price of 110,000 VND (4.89 USD) per share on the HCM Stock Exchange (HOSE) on December 6.
|Sabeco is the biggest Vietnamese beer maker (Photo: VNA)|
Addressing the first transaction, Nguyen Thi Lien Hoa, Vice Chairwoman of the State Securities Commission of Vietnam (SSC) praised the joint efforts made by the company management and employees to conduct the listing in line with the Government’s schedule.
Sabeco is the 399th company listed on HOSE with charter capital exceeding 6.4 trillion VND (282.1 million USD). It is the fifth largest listed firm on Vietnam’s stock market with its market capitalization exceeding seven trillion VND (308 million USD), according to Hoa.
As per the company’s nine-month financial report, its net revenue is more than 21.8 trillion (959.6 million USD), an increase of nearly 9 percent year on year, while its pre-tax profit is more than 4.5 trillion (198.44 million USD), an increase of 21 percent year on year.