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Saigon Beer to appoint new board members representing ThaiBev

Following acquisition, Vietnam brewer proposes to dismiss chairman

DATE IMPORTED:December 06, 2016A man pours Sabeco's Saigon beer into a cup at a restaurant in Hanoi, Vietnam December 5, 2016. Picture taken December 5, 2016. REUTERS/Kham   © Reuters

HO CHI MINH CITY -- The board of Saigon Beer Alcohol Beverage, or Sabeco, has proposed a management reshuffle following Thai Beverage's acquisition of a 53.58% stake in the state brewer for $4.8 billion in December. Sabeco is scheduled to hold an extraordinary shareholder's meeting on April 23 to win approval of the proposals.

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