Sabeco adds majority shareholder ThaiBev's representatives to board

Sabeco adds majority shareholder ThaiBev's representatives to board

FILE PHOTO: Bottles of beer move along a production line at a factory of Saigon Beer Corporation (Sabeco) in Hanoi, Vietnam May 26, 2015. REUTERS/Kham/File Photo

Shareholders of Vietnam’s largest brewer Sabeco voted to add three representatives of Thai Beverage PCL to its management board, Sabeco said in a statement.

ThaiBev, which has a more than 50 percent stake in Sabeco – formally known as Saigon Beer Alcohol Beverage Corp, complained to the Vietnamese government earlier this year that its proposed board members for Sabeco had not been accepted.

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