Tbc-Ball Beverage Can Vietnam Limited (Vietnam)

The subject has existed in the beverage industry for 12 years. Now, its key policies have been influenced by two large groups, including Ball group and Thai Beverage group. In Particular, BALL CORPORATION indirectly has 50% of interest of this company. BALL CORPORATION's shares are listed on NYSE under stock code “BLL” whose major shareholders are the Vanguard Group, Inc. – 11.3%, BlackRock Inc – 7.4%, Parnassus Investments – 5.52% in Jan 2023.Its remaining shareholdings are indirectly held by Thai Beverage Public Company Limited (SGX: Y92) through Directors and controlling equity holders hold 50% shares of Thai Beverage Can Co., Ltd. Additionally, the Thai Beverage group has penetrated in Vietnamese market since 1993 through establishment of Malaya - Vietnam Glass Limited (1993) and Vietnam Spirits and Wine Limited (1994). This indicates that this group is familiar with politics, doing business, etc. in Vietnam.