SINGAPORE: Thai Beverage float to raise up to US$1bn - report

By | 28 April 2006

Chang Beer producer Thai Beverage expects to raise between US$750m and US$1bn in its Singapore initial public offering, according to financial sources.

The long-delayed IPO will amount to about 20% of the Thai brewer and distiller. The sources said the price of the float was expected to be below SGD0.50 (US$0.32) a share.

"There is a large number of shares. They do not plan to consolidate the shares, so it will be a penny stock," a fund manager who attended the firm's pre-marketing presentation told Reuters today (28 April). The listing looks set for late May or early June.

The company, which has 60% of the Thai beer market, had initially considered listing in Thailand but moved to Singapore following anti-alcohol objections at home.

Sectors: Beer & cider, Spirits

View next/previous articles

Currently reading -

SINGAPORE: Thai Beverage float to raise up to US$1bn - report

There are currently no comments on this article

Be the first to comment on this article

Related articles

IRELAND: Diageo bullish on Guinness Mid-Strength showing

Diageo has insisted that the new mid-strength Guinness has "exceeded expectations" in the six weeks since its launch in Ireland.

CBC - If you ask me...

The need for a united front within the whisk(e)y industry on issues like responsible drinking is hitting home but, writes Chris Brook Carter, it is imperative that the industry works together on promoting the premium image of whisk(e)y - otherwise the future of the category could be at stake.

Quote, unquote: World Whiskies Conference – Day One

The first day at the inaugural World Whiskies Conference in Scotland confronted some of the major issues and problems facing the industry, in particular the threat of increased alcohol legislation around the globe and the stifling grip of major retailers on off-trade sales. For those of you who couldn't make it, here are some of the best quotes to give you a flavour of the debates.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page