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ThaiBev rubbishes 'false' media reports that it is seeking to sell its business in Vietnam

Stanislaus Jude Chan
Stanislaus Jude Chan12/19/2019 12:01 PM GMT+08  • 2 min read
ThaiBev rubbishes 'false' media reports that it is seeking to sell its business in Vietnam
SINGAPORE (Dec 19): Thai Beverage has clarified that claims in the media that it is seeking a buyer for its business in Vietnam is “false and without merit”.
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SINGAPORE (Dec 19): Thai Beverage has clarified that claims in the media that it is seeking a buyer for its business in Vietnam is “false and without merit”.

In a filing to SGX late on Wednesday night, ThaiBev says it is confident in its business in Vietnam, and remains “strongly committed” to making Saigon Beer–Alcohol–Beverage Corporation (Sabeco) and Bia Saigon “the pride of Vietnam”.

“Vietnam continues to be one of ThaiBev’s core markets and is integral to its goal of becoming a stable and sustainable leader in Southeast Asia’s beverage industry,” the group adds.

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