Habeco Holds Back IPO On Sabeco Evidence

Vietnamese brewer Hanoi Beer Alcohol and Beverage Corporation (Habeco) has confirmed that it has postponed its scheduled IPO due to challenging trading conditions in the local market. The state-owned brewer had planned to sell a 15% stake in the company for VND50,000 (US$3.10) per share in late January. However, after state-owned Southern rival Saigon Beer Alcohol and Beverage Corporation (Sabeco) managed to offload just 61% of its planned shares in its own January listing, Habeco has decided to hold back for another

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