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Companies

ThaiBev files complaint over Saigon Beer board

Majority owner struggles to appoint own representatives to company

ThaiBev holds a majority stake in Sabeco, but requires approval from two-thirds of the shareholders in order to appoint representatives to the board.   © Reuters

HO CHI MINH CITY -- Thai Beverage has filed a complaint with the Vietnamese government, accusing Saigon Beer Alcohol Beverage of not accepting its proposed board members, despite the Thai company acquiring a majority stake in the state brewer in December for $4.8 billion.

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