Bao Viet sells Sabeco shares, earns VND95 billion

Insurer Bao Viet Holdings (BVH) on Tuesday sold its entire stake in the Saigon Beer-Alcohol-Beverage Corporation (Sabeco) for VND95 billion (US$4.2 million).

The insurer sold 500,000 shares at VND190,000 per share. On the same day, Sabeco was being traded at around VND197,000 per share.

Sabeco made its debut of 641.28 million shares on the HCM Stock Exchange at a reference price of VND110,000 per share, under the code of SAB, on December 6.

On Thursday morning, Sabeco closed at VND197,200 per share.

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