Song Be Rubber Joint Stock Co

    Song Be Rubber Joint Stock Co

    UUPCOM:SBR
    7,600.00
    VND
    0.00
    (0.00%)
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    Capital Structure

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    Company Description

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    IPO Date
    Nov 2, 2020
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    Song Be Rubber Joint Stock Company is a Vietnam-based agribusiness enterprise primarily engaged in the cultivation, harvesting, industrial processing, and commercialization of natural rubber and forestry products. Founded in 1983 and headquartered in Chon Thanh Town, Binh Phuoc Province, Vietnam, the company manages over 5,300 hectares of land resources across Binh Phuoc Province, including plantations in Chon Thanh, Bu Dang, Bu Dop, Loc Ninh, and Dong Phu, supported by a central processing facility with an annual manufacturing capacity of approximately 7,000 metric tons. The company's portfolio of products and services includes: Technically Specified Rubber produced under the SORUCO brand in compliance with TCVN 3769:2016 and ISO quality certifications, comprising Standard Vietnamese Rubber grades such as SVR 3L, SVR 10, SVR CV50, and SVR CV60; concentrated liquid natural latex and centrifuge latex; raw rubber procurement and aggregation services from local smallholder farmers; rubberwood logging, timber processing, and lumber trading; and diversified secondary business lines including livestock farming, agricultural development, and residential infrastructure construction. The company serves domestic industrial consumers and exports to international markets across Asia and Europe, including China, Malaysia, Singapore, Taiwan, Hong Kong, France, and Russia. In recent developments, Song Be Rubber Joint Stock Company has advanced its corporate restructuring roadmap under the state equity management framework, encompassing planned state divestment to reduce government shareholding from over 97 percent to between 50 and 65 percent. The company has also pursued strategic initiatives to transfer its stock listing from the UPCoM exchange to the Ho Chi Minh Stock Exchange to increase market liquidity, reconstituted its Board of Directors and Supervisory Board for the 2023 to 2028 tenure, upgraded its corporate governance reporting systems, and initiated strategic evaluations to optimize its land bank in Binh Phuoc for high-value agricultural production and long-term industrial infrastructure potential.