E-Malt.com News article: Thailand: Brewer Thai Beverage to sell 80 mln shares as part of intention to list in Thailand as well as Singapore

Thai Beverage, Thailand’s largest brewer and distiller, announced plans to sell 80 million existing shares to investors in Thailand as part of intention to list in Thailand as well as Singapore, Reuters communicated on October, 22.

SCB Securities and Phatra Securities are financial advisers for the share sale, the company said in a statement.

Thai Beverage, maker of market leaders Beer Chang and Mekhong whisky, was listed on the Singapore bourse in May 2006 after it faced public opposition to its listing plans in Thailand.

The company is controlled by liquor tycoon Charoen Sirivadhanabhakdi.


22 October, 2008