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Bottler Tribeco's board member buys up shares

Update: February, 21/2012 - 10:10

HCM CITY — Struggling beverage bottler Tribeco (TRI) has revealed that a member of its management board, Nguyen Xuan Luan, had registered to buy 6.8 million shares at VND2,300 per share, accounting for 25 per cent of the total shares currently outstanding.

TRI concluded yesterday's session unchanged at only VND1,700 per share. Tribeco may be forced to delist as its equity last year fell to a negative level.

Tribeco has a charter capital of VND275 billion (US$13.1 million). The company's three leading shareholders are animal feed company Uni President, Kinh Do Investment Co Ltd, and Tribeco Binh Duong-VNS

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