VNStockNews.com - Saigon Beer Transportation Joint Stock Company, or Sabetran, will list eight million shares coded SBC on the Hochiminh Stock Exchange on Wednesday at a tentative reference price of VND27,000, the company said last Friday.
Management of Sabetran, a subsidiary of Saigon Beer Alcohol Beverage Joint Stock Corporation, told reporters that the company expected to pay a dividend of 40% for 2009 and 30% for each of the following two years.
Sabetran last year obtained an after-tax profit of 72 billion, but the company lowers the target for this year to VND32.4 billion. Nguyen Quang Tiep, CEO of the company, explained that oil price this year could increase again after bottoming last year, and this situation would likely push up the company’s operation costs.
