Beverage firm vows to protect shareholders' rights

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VietNam News English - 30 month(s) ago 4 readings

Sai Gon Beverage Co, or Tribeco (TRI), has vowed to protect the rights and interests of existing shareholders as it delists from the HCM City Stock Exchange by making public offerings to internal shareholders. Nguyen Xuan Luan, a member of Tribeco's management board, said TRI would announce the result of the first such offering on April 20. If Tribeco opts to continue in the form of a joint stock company after delisting, it would list shares on the unlisted public company market (UPCoM), the company said.

HCM CITY — Sai Gon Beverage Co, or Tribeco (TRI), has vowed to protect the rights and interests of existing shareholders as it delists from the HCM City Stock Exchange by making public offerings to internal shareholders. Nguyen Xuan Luan, a member of Tribeco's management board, said TRI would announce the result of the first such offering on April 20. If Tribeco opts to continue in the form of a joint stock company after delisting, it would list shares on the unlisted public company market (UPCoM), the company said. — VNS

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