Thai Beverage has received its eligibility to list from the Singapore Exchange for the proposed separate listing of its beer subsidiary.
The spin off was first mooted, then put on hold, and then revived on May 5.
“The receipt of the eligibility to list letter is one of the requirements which has to be met in order for ThaiBev to proceed with the proposed spin-off listing,” says ThaiBev on June 15.
“The proposed spin-off listing is also subject to, inter alia, requisite approvals from the relevant regulatory authorities, as well as the prevailing market conditions,” the company adds.
ThaiBev closed June 15 at 64 cents, down 3.03% for the day.
