State to divest capital from Sabeco, Habeco via open tenders
The State will divest its capital in the Saigon Beer, Alcohol and Beverage Corporation (Sabeco) and the Hanoi Beer Alcohol and Beverage Joint Stock Corporation (Habeco) through open tenders.
Sabeco beer production plant (Source: tinnhanhchungkhoan.vn)
Hanoi (VNA) – The State will divest its capital in the Saigon Beer, Alcoholand Beverage Corporation (Sabeco) and the Hanoi Beer Alcohol and Beverage JointStock Corporation (Habeco) through open tenders.
Theinformation was released at the Ministry of Industry and Trade’s pressconference on July 14.
Deputyhead of the ministry’s Light Industry Department Bui Truong Thang said that Habecowill submit its State capital divestment plan to the ministry next week, whileSabeco will table it before July 31.
Atpresent, the State is holding 89.59 percent and 82 percent of capital of Sabecoand Habeco, respectively.
Togetherthe two beer producers account for about 60 percent of the domestic marketshare, with Sabeco making up 40 percent of the market share.
Alsoat the press conference, a representative from the ministry said that theministry has to date submitted divestment and equitisation plans of theElectricity of Vietnam (EVN), the Vietnam National Oil and Gas Group (PVN) andthe Vietnam National Chemical Group (Vinachem) to the Government.
Meanwhile,the plan of the Vietnam National Coal and Mineral Industries Group will besubmitted within this month.
DeputyMinister Do Thanh Hai asked for close supervision during the equitisationprocess to avoid asset losses.
Regardingthe case on violations of Deputy Minister of Trade and Industry Ho Thi KimThoa, he said that Thoa would likely be disciplined as the Party Central Committee’sInspection Commission had viewed her wrongdoings as serious. The Ministry willannounce the disciplinary measure publicly when it is issued.
Accordingto the Party Central Committee’s Inspection Commission, while holding theposition as Party Committee Secretary and Director of Dien Quang Lamp Companyfrom January 2004 to May 2010, Thoa violated regulations on businessequitisation and procedures and illegally handles loan interest exempted frombanks worth 6.7 billion USD (some 298,000 USD).
She also violated State regulations on land management when the Dien QuangCompany signed a contract to jointly invest in land in HCM City with VietnamInvestment Construction Trade JSC without agreement from the land owner andrelevant authorities. She did not report relevant authorities to handle whileillegally handled revenue worth 30 billion VND (1.3 million USD) fromtransferring the rights to exploit the land slot.
Thoa also bought shares exceeding allowed levels and violated Dien QuangCompany’s regulations on share transfer.-VNA
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Sabeco beer production plant (Source: tinnhanhchungkhoan.vn) 
