BeerCo, an indirect wholly-owned subsidiary of ThaiBev, holds 49% of shares in Vietnam F&B, which in turn owns 100% of the charter capital of Vietnam Beverage, the company that holds the Sabeco shares, comprising 53.59% of all issued shares in Sabeco.
SINGAPORE (Dec 4): UOB Kay Hian is reiterating its “buy” recommendation on Thai Beverage (ThaiBev) with a target price of 80 cents.
This came on the back of the group yesterday announcing that it will be undergoing a loan restructuring exercise, which will involve the conversion of its entire loan amount and interest in Sabeco of US$4.6 billion into share capital.
