The potential listing of BeerCo, a subsidiary of Thai Beverage (ThaiBev) will be deferred “for the time being”.

According to an announcement put out by ThaiBev, the decision to defer the potential proposed spin-off listing of BeerCo on the Singapore Exchange (SGX) is due to the current “uncertain market conditions” and volatile outlook, which “are not conducive” for the proposed spin-off listing.

“ThaiBev continues to believe that BeerCo's position as one of the leading beer players in Southeast Asia and its growth potential offer a distinct and compelling growth story,” says the group in an April 16 statement.

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