Mr. Liêm has submitted his resignation from the Board of Directors of BTB, citing his upcoming retirement on August 1, 2024, as the reason for his departure. The resignation was approved by the BTB Board of Directors on July 12, and a special meeting of the shareholders has been called for September 2024 to formalize the resignation and elect a new member to the Board for the 2024-2029 term.
Mr. Vũ Thanh Liêm, born in 1963 in Thái Bình, holds a Bachelor’s degree in Fermentation Technology and a Bachelor’s degree in Economics. With over 36 years of experience at BTB, he has held several key positions, including Deputy Director and Director of the company. He joined the Board of Directors in 2005 and was elected as its Chairman in 2020.
Mr. Liêm also represents the Hanoi Beer, Alcohol, and Beverage Joint Stock Corporation (Habeco) on the BTB Board, holding 384,561 shares (5% ownership). Additionally, he owns 53,800 shares (0.7%) personally.
According to the audited financial statements for 2023, Mr. Liêm earned the highest income among the BTB leaders, with a total of over 431 million VND (approximately 40 million VND per month). In 2022, his income was recorded as over 427 million VND.
Source: 2023 Audited Financial Statements of BTB
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Following Mr. Liêm‘s resignation, the BTB Board of Directors for the 2024-2029 term will comprise four members: Mr. Phạm Trung Kiên, Mr. Hoàng Chí Thanh, Mr. Nguyễn Hữu Cường, and Mr. Phạm Xuân Hạnh.
What makes BTB noteworthy?
Bia Hà Nội – Thái Bình (BTB) is a former state-owned enterprise that was established through the merger of the Beer, Wine, and Bee Company of Thái Bình and the Thái Bình Beer Factory. The company specializes in producing bottled and draught beer, with its headquarters located in the TBS-Sông Trà Industrial Park, Tân Bình commune, Thái Bình city, Thái Bình province. As of the end of 2023, the company employed 124 staff members.
BTB has undergone three capital increases since its privatization in 2005, raising its charter capital from 20 billion VND to nearly 77 billion VND in 2011, which has been maintained to the present day. The parent company, Habeco, holds 5.1 million shares of BTB, representing a 66.31% stake.
In terms of financial performance, BTB has achieved average annual revenues of 145 billion VND since its listing on the UPCoM in 2017. However, its profit margins have been modest, with an average annual profit of just 2.5 billion VND. In 2021, the company incurred a loss of nearly 900 million VND due to the impact of the COVID-19 pandemic.
As of the end of 2023, the company’s retained earnings after tax amounted to just over 3.5 billion VND, and it has not paid any dividends to shareholders to date.
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Financial Performance of BTB for 2017-2023 |
In the market, BTB‘s share price has stagnated below the par value for several years and has been trading in the range of 6,000 VND per share for the past year. Liquidity is low, with many sessions seeing no transactions, and the average trading volume is just a few hundred shares per session.
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Stock Price Movement of BTB in the Last 2 Years |
