Although Dragon's purchase price was not disclosed it is believed that it was close to the current market price, which would put the transaction value at VND3.27 trillion (US$143.8 million). Besides ThaiBev's 54% majority stake, Vietnam's Ministry of Industry and Trade still holds about 35.6% in Sabeco and the remaining 10.4% of the company's shares represent free float, with Dragon Capital being the largest single shareholder. Dragon Capital was established in 1994, when US President Clinton lifted the 19-year trade embargo against Vietnam, in place since the end of the Vietnam War. It is Vietnam's longest established independent asset manager with over US$3.14bn (as of 31 December 2017 – unaudited) in listed equity, clean-tech, fixed income and real estate for international pension and sovereign wealth funds and endowments. The company has two representative offices in Vietnam in Ho Chi Minh City and Hanoi and one representative office in Bangkok, Thailand, as well as subsidiaries in the UK and HongKong.