ThaiBev spin-off listing to resume

ThaiBev spin-off listing to resume
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SINGAPORE (May 5): 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 said the SGX-ST had confirmed that its no-objection letter issued in February 2021 will continue to apply to the resumption of the proposed spin-off listing ... (click on link for full story on theedgesingapore.com).