Sabeco submits application to list shares on HOSE


Sài Gòn Beer Alcohol Beverage JSC (Sabeco) asked the Ministry of Industry and Trade to list its shares on the HCM Stock Exchange (HOSE) in the future.

Sabeco said it planned to sign a consultant’s contract with Maybank Kim Eng Securities JSC before September 20.

According to a source, it will take at least two months for all the procedures required for listing to be completed.

In August, Prime Minister Nguyễn Xuân Phúc urged the equitization process be carried out for Sabeco, which is still the nation’s largest domestic brewery, with nearly 90 per cent financed with State capital.