Diageo-backed Halico may prove unmarketable on UpCOMDespite being backed by the world's biggest spirits company Diageo, Hanoi Liquor JSC (Halico)’s massive losses may make its shares unmarketable. Currently, Habeco holds 54.3 per cent and Diageo 45.5 per cent in Halico. In 2014, the company reported a revenue of VND397 billion ($17.4 million) and profit of VND30 billion ($1.3 million) only. Current performance, in collaboration with the abysmal prospects, may make Halico’s shares unmarketable, unless Diageo wants to take the opportunity to acquire the remaining stake in Halico. Acquiring a large stake in Halico was meant to tap into its growth potential and success to increase its sales in the Vietnamese market.

Source: VietNamNet News June 05, 2018 05:15 UTC