The statement comes after a March 16 article in Bloomberg said that the group was exploring options for its spirits business, which includes an initial public offering (IPO) in Singapore.
Thai Beverage (ThaiBev) (SGX:Y92
) , in the late hours of March 16, issued a statement to clarify that “no concrete plans” were made to list or sell its spirits business.
“ThaiBev remains confident in its spirits product group, one of the leading spirits players in Asean and the largest in Thailand, and a core business line for ThaiBev,” says the group.
