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.