Saigon Beer Alcohol Beverage, known as Sabeco, is set to list its shares on Ho Chi Minh City Stock Exchange (HOSE) on Dec. 12, eight years after its initial public offering.
The Ministry of Industry and Trade has not yet completed talks to sell its ownership in the Ha Noi Beer, Alcohol and Beverage Corporation (Habeco) to the Danish brewer Carlsberg, according to officials.
The name which has been added on the list of businesses with capitalization value of over $1 billion is Habeco, a brewer. Habeco shares saw prices hitting the ceiling price levels in the first five trading sessions of the last … Continue reading
The Hanoi Beer Alcohol and Beverage Corporation (Habeco, Code: BHN) will soon seek shareholders’ written opinions on it listing on the Ho Chi Minh Stock Exchange (HoSE) in the fourth quarter.
Vietnam’s third largest brewer has become one of the most sought-after companies. Eight years after its initial public offering, Habeco finally had its market debut late last month and quickly became one of the most sought-after listed companies.
Some of Vietnam’s most sought-after corporations are preparing to open their doors to more foreign investment, but the government’s divestment timeline remains inexact, along with its plans to raise the foreign investment cap.
Danish brewer Carlsberg is negotiating with the Hanoi Beer Alcohol and Beverage Corporation (Habeco) over the purchase of an additional stake following the latter’s listing on the UPCom market last week, officials have said. “Negotiations will be carried out between … Continue reading
The Danish company is now the number four player in a country with a vibrant beer culture. Betting on Vietnam’s high beer consumption, Carlsberg Breweries has acquired almost 11 percent of the local market, which is still dominated by a … Continue reading
Habeco, one of Vietnam’s biggest brewers, will list all of its shares for the first time next week, giving it a market value of $405 million, the Hanoi Stock Exchange (HNX) said on Friday.
Sloshed back at rowdy open-air “bia hoi” day and night, beer is Vietnam’s tipple of choice and now its cash-strapped government is drawing on the nation’s penchant for lager to raise billions of dollars by selling stakes in state-owned brewers.