Thai Beverage (ThaiBev) has received the conditional eligibility-to-list letter (ETL letter) from the SGX-ST for the proposed spin-off listing of its subsidiary BeerCo on April 1.

According to the announcement dated April 2, the ETL letter is one of the requirements that have to be met in order for ThaiBev to proceed with the spin-off listing.

The proposed listing is also subject to the requisite approvals from the relevant regulatory authorities.

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