Vinataba is about to make a lot of money thanks to divesting from a series of famous beer, instant noodle, and candy businesses.

Cigarette production line - Photo: VINATABA
Vinataba divests from Colusa - Miliket doubles market price

The Hanoi Stock Exchange has just announced information on the auction of shares of Colusa - Miliket Foodstuff Joint Stock Company (CMN) owned by Vietnam Tobacco Corporation - One Member Limited Liability Company (Vinataba).

The number of shares transferred is more than 960,000, equivalent to the entire 20% of the actual charter capital contributed to the enterprise. The auction is expected to take place on the morning of December 18.

The starting price is 114.72 billion VND/share, equivalent to 119,500 VND/share. According to the offering documents, the average reference price of CMN shares in the 30 consecutive days before the approval date of the capital transfer plan is 58,300 VND.

As of July 14, 2025, Colusa - Miliket has 5 shareholders holding more than 5% of the charter capital, including Southern Food Corporation - JSC (30.72%), Mesa Service and Trading Company Limited (20.08%), Vinataba (20%), Mr. Trinh Viet Dung (9.71%) and Thien Hai Investment and Trading Company Limited (5.42%).

Vinataba is one of the five founding shareholders, contributing VND9.6 billion in August 2006.

The predecessor of Colusa - Miliket was the merger of two famous and long-standing instant noodle manufacturing enterprises in Vietnam, Colusa Food Processing Enterprise and Miliket Food Enterprise in 2004. In 2006, this merged enterprise was equitized with a charter capital of 48 billion VND.

Competition in the instant noodle industry is fierce with the participation of many domestic and foreign giants. Colusa - Miliket has to compete not only in price but also in product variety and distribution channels.

In 2024, this enterprise will reach nearly 740 billion VND in net revenue, an increase of more than 2.8%. After-tax profit will be more than 23 billion VND, an increase of more than 10%. This profit is still far from the peak of more than 36 billion VND in 2011.

In the first half of 2025, the company will record revenue of nearly VND400 billion with a gross profit margin of about 26%. After-tax profit will be approximately VND11 billion, half of the whole year of 2024.

Divestment from Lilama Real Estate Company

On the morning of December 18, Vinataba will also auction all 1.625 million shares at Lilama Real Estate JSC (Lilama Land), equivalent to 15.5% of capital. This lot of shares has a starting price of more than 38 billion VND.

Lilama Land was established in 2007 on the basis of a capital contribution contract of 6 founding shareholders including: Vietnam Machinery Installation Corporation (Lilama), Vinataba, Hanoi Beer - Alcohol - Beverage Corporation ( Habeco ), Vietnam Construction Consulting Corporation (VNCC), Hanoi Housing Commercial Joint Stock Bank (Habubank) and Tan Long Company Limited.

In 2024, this real estate company achieved nearly 23 billion VND in net revenue, but had no revenue in 2023. Profit after tax in 2024 was 4.8 billion VND, a sharp increase compared to 145 million VND the previous year.

In the first half of 2025, net revenue reached more than 31 billion VND. Profit after tax was more than 17 billion VND. The company is distributing land plots at the Hoang Phat Urban Area project (formerly Bac Lieu province). The project has a scale of 170 plots of land and as of June 30, the company has transferred 49 plots of land.

Simultaneous divestment in 3 other companies

After the above two auctions, on December 19, Vinataba continued to organize the auction of shares in 3 enterprises: Hai Ha - Kotobuki Company Limited, Dalatbeco Joint Stock Company, and Nada Beer Joint Stock Company.

Specifically, on the morning of December 19, Vinataba will auction more than 31.3 million shares, equivalent to 70% of the shares it holds at Hai Ha - Kotobuki. This batch of shares has a starting value of 177 billion VND. Hai Ha - Kotobuki was established in 1992 and owns up to 50 Origato fresh cake stores.

Also this morning, Vinataba will auction 385,350 shares owned at Bia Nada, equivalent to nearly 13% of capital. This lot of shares has a starting price of 17.6 billion VND.

On the afternoon of December 19, Vinataba continued to auction more than 502,620 shares it owns at Dalatbeco, equivalent to 14% of capital. The starting price is 9.9 billion VND.

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Source: https://tuoitre.vn/vinataba-sap-thu-bon-tien-nho-thoai-von-tai-loat-doanh-nghiep-bia-mi-tom-banh-keo-noi-tieng-2025112222562271.htm