ThaiBev’s indirect wholly-owned subsidiary, InterBev (Singapore) Limited, completed a share swap transaction with TCC Assets. Under the swap, InterBev (Singapore) – or IBIL – will transfer its shares in Frasers Property (SGX:TQ5
) Limited (FPL) to TCC Assets and TCC, in turn, will transfer shares in Fraser and Neave (F&N) to IBIL. The transaction brought IBIL’s stake in F&N to 69.61% from 28.31% previously, while IBIL has fully divested its stake in FPL.
Thai Beverage (ThaiBev) was the most heavily traded counter on Nov 22 with some 31.36 million shares changed hands as at 11.31am.
This is after ThaiBev announced its FY2024 ended Sept 30 results on Nov 21. The group reported full-year earnings of THB27.22 billion ($1.06 billion), 0.8% lower y-o-y. Revenue, however, rose by 2.2% y-o-y to THB340.29 billion. The group restated their results for the FY2023 following the completion of the share swap.
