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Bảo Việt sells Sabeco shares, earns VNĐ95 billion

Update: January, 06/2017 - 10:25
Beer products of Sabeco on shelve at a supermarket. - Photo vietnamnet.vn
Viet Nam News

HÀ NỘI – Insurer Bảo Việt Holdings (BVH) on Tuesday sold its entire stake in the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) for VNĐ95 billion (US$4.2 million).

The insurer sold 500,000 shares at VNĐ190,000 per share. On the same day, Sabeco was being traded at around VNĐ197,000 per share.

Sabeco made its debut of 641.28 million shares on the HCM Stock Exchange at a reference price of VNĐ110,000 per share, under the code of SAB, on December 6.

On Thursday morning, Sabeco closed at VNĐ197,200 per share. –  VNS

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