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 says the SGX-ST has confirmed that its no-objection letter issued in February 2021 will continue to apply to the resumption of the proposed spin-off listing.
Shares in ThaiBev closed at 67.5 cents on May 4.
