Sabeco, FPT among 88 firms to undergo divestment plan in 2021

Bich Phuong Wednesday | 05/19/2021 14:15


State Capital Investment Corporation has announced its plan of divesting 85 state-owned enterprises, including Sabeco, FPT, Binh Minh Plastics.

Saigon Beer - Alcohol - Beverage Corporation, known as Sabeco (HoSE: SAB), is the prominent name in the list which was announced end-March.

Currently, the State holding at Sabeco is 36%. In August 2020, SCIC received received 230 million Sabeco shares from the Ministry of Industry and Trade under instruction from the government.

Besides Sebeco, the list includes familiar names such as FPT, Binh Minh Plastics, Tien Phong Plastics, Vocarimex … and large corporations including Vietnam Textile and Garment Group, Bao Viet Group,...

In the first three months of 2021, SCIC divested capital at nine enterprises under Vietnam Rubber Group, Viettel Group, Vietnam Education Publishing House, Vietnam Posts and Telecommunications, Thai Son Corporation, earning VND2,081 billion, VietnamBiz cited information from the Ministry of Finance.

Regarding business results in 2020, SCIC recorded revenue of VND7,909 billion, up 21% from a year ago. After-tax profit was VND6,227 billion, up 43%.

In 2021, SCIC targets VND6,498 billion in revenue and pre-tax profit of VND3,300 billion, down 18% and 47% respectively.

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