Habeco prepares for listing on HOSE

Illustrative image (Source: VNA)

Hanoi (VNA) - The Hanoi Beer, Alcohol and Beverage Corporation (Habeco), the northern large-cap brewer, is collecting opinion from its shareholders on moving from the Unlisted Public Company Market (UPCoM) to the Ho Chi Minh City Stock Exchange (HOSE).

Habeco has also attracted public attention with regard to the selling of the State’s 81.8 percent ownership in the company, which is valued at 9 trillion VND.

The Denmark-based brewer Carlsberg is now Habeco’s strategic investor and holds 15.77 percent of the company’s capital. Carlsberg has been allowed to purchase an additional 5.77 percent, but the deal has not yet been finalised.

About 231.8 million of Habeco’s shares are now being traded on the UPCoM, under the code BHN. The company’s share price was up 0.7 percent on November 30 to close at 106,200 VND.-VNA