The Saigon Beer-Alcohol-Beverage Corporation (Sabeco) will pay every shareholder 1,500 VND (0.06 USD) per share, or a 15 percent cash dividend rate, to complete its 2018 dividend plan.
The Saigon Beer-Alcohol Beverage Corporation (Sabeco) early this week announced that it received an official letter from the State Securities Commission approving unrestricted foreign ownership at the largest beverage company in Vietnam.
The Saigon Beer-Alcohol-Beverage Corporation (Sabeco) is targeting a lower post-tax profit in 2018 due to the increase of production costs and stronger competitiveness in the industry.
Prime Minister Nguyen Xuan Phuc lauded Thai Beverage Public Company Limited (ThaiBev) for doing business in Vietnam over the past years during a reception for its Chairman Charoen Sirivadhanabhakdi on June 16 in Bangkok, Thailand.
The Saigon Beer Alcohol Beverage Corporation (Sabeco) appointed a new management board at an extraordinary shareholders’ meeting on April 23, following Thai Beverage Public (ThaiBev)’s acquisition of a 53.59 percent stake in the State brewer last year.
The Ministry of Industry and Trade (MoIT) has requested the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) to hold an extraordinary shareholders’ meeting to review personnel matters.
The State Audit of Vietnam has requested the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) pay to the State budget nearly 2.5 trillion VND (110.9 million USD) worth of dividends, taken from the brewer’s undistributed profit for the period prior to 2016.
The Ministry of Industry and Trade (MoIT) will submit its plan to offload part of the State’s capital in the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) to Deputy Prime Minister Vuong Dinh Hue by October 20.
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