The Philippine distiller Ginebra San Miguel Inc is to plough THB128.92m (US$3.3m) into CNT Wine and Liquor, a Thai joint venture business in which Ginebra will own 40%.

Ginebra's partner in the joint venture is Thai Life Group, which will hold 50%. The remaining 10% will be owned by minority investors.

CNT Wine and Liquor Co has a license to build and operate a distillery in Kanchanaburi, in the west of Thailand.