The Ho Chi Minh City Securities Trading Centre said Tribeco would be offering the shares from October 22 with ACB Securities handling the transaction. In July, Tribeco attempted to sell 19,500 reserve shares but according to the exchange had only succeeded by October 16 in selling 2,100 shares.
VIETNAM: Tribeco to sell all remaining shares
The Vietnamese drinks group, Saigon Beverage Co, known as Tribeco is to sell all off its remaining 17,400 reserve shares over a three-month period in a bid to raise funds for business development, according to an announcement from the Vietnamese Stock Exchange.