ThaiBev spin-off listing to resume

Felicia Tan
Felicia Tan5/5/2022 08:39 AM GMT+08  • 1 min read
ThaiBev spin-off listing to resume
Photo of the new Chang classic by ThaiBev. Photo: The Edge Singapore
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Thai Beverage Public Company (ThaiBev) has announced that the potential spin-off and listing of its subsidiary BeerCo on the SGX-ST, will resume.

As such, ThaiBev’s wholly-owned subsidiary, International Beverage Holdings, which holds all the issued ordinary shares in BeerCo, will conduct a public offering of up to 20% of the shares in BeerCo.

ThaiBev says the SGX-ST has confirmed that its no-objection letter issued in February 2021 will continue to apply to the resumption of the proposed spin-off listing.

Shares in ThaiBev closed at 67.5 cents on May 4.

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