THAILAND: ThaiBev appeals to protestors over stock listing
Thaibev has not given up hope of listing on its domestic stock market, appealing for anti-alcohol protestors to see the economic benefits a listing will bring.
The Thailand-based drinks group, which owns Chang beer, said that it hopes Thai society will "come to understand the role of the capital market".
Protests by anti-alcohol groups, led by Buddhist monks, last week forced ThaiBev to suspend its imminent listing on the Bangkok stock exchange.
ThaiBev, which is already listed in Singapore, issued an appeal to protestors in a further announcement. "Listing on the SET would enable ThaiBev, as a Thai company, to gain greater acceptance from both domestic and international investors for our good corporate governance, business transparency and international business practices," the firm said.
"The listing on the SET would also open a window of opportunity for the company to effectively expand our markets outside Thailand."
ThaiBev said that it contributes THB60m (US$1.7m) annually to the state in tax.
Sectors: Beer & cider
In spite of the tough conditions, rising alcohol duties and the grim task of cutting his UK workforce, George Marsden, E&J Gallo's vice president and general manager for Europe, is relishing what he c...
Like prominent Indian companies in many sectors, spirits producer United Spirits India has not only benefited from the rapid development of its domestic market but is also expanding its own internatio...
Jack Daniel's whiskey producer Brown-Forman will report its fourth quarter and full-year results this week, in what should provide further insight into the state of the US spirits market....
Concerns over health and drink-driving are fostering growth in the low- and non-alcohol beer categories. Spiros Malandrakis, drinks analyst at Euromonitor International, assesses the progress and pote...
The top ten stories published on just-drinks this week:...
The threat of a federal tax hike on alcohol and sugary soft drinks to help pay for healthcare reform in the US appears to have receded, following comments from leading Senators in the debate....
Constellation Brands has received a wrist slap in the US over the marketing of its since-discontinued Wide Eye schnapps brand....
People are turning to alcohol to relieve the stress caused by redundancy, according to research by alcohol charity Drinkaware....
- Interview - Pernod Ricard's luxury director
- Chile's winemakers caught out by Brexit "disease"
- What's coming up in wine in 2017? - Comment
- The just-drinks Analyst - 2017 forecasts
- What's coming up in beer in 2017? - Comment
- Diageo Australia names new commercial head
- Suntory sends staff to fat camp - report
- "Beer and weed are complements" - analyst
- Pernod Ricard's Absolut Lime - NPD
- Edrington readies Americas, GTR exec switches
- Global vodka insights - market forecasts, product innovation and consumer trends
- The Next Seven Big Beverage Markets
- Global Cognac insights - market forecasts, product innovation and consumer trends
- Global gin insights - market forecasts, product innovation and consumer trends
- Darker Than Before: Global Prospects for Brown Spirits