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Thai Beverage Public Company Limited (Y92.SI)

SES - SES Delayed Price. Currency in SGD
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0.6500-0.0050 (-0.76%)
At close: 05:04PM SGT
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  • Reuters SG

    KFC operator in Thailand explores sale of business -sources

    Restaurants Development Company is exploring the sale of its KFC franchise business in Thailand, valued at roughly $300 million, as revenue rebounds with a recovery in Southeast Asia's second-largest economy, three sources aware of the matter said. The Bangkok-based firm, backed by a consortium led by Southeast Asian focused private equity firm AIGF Advisors Pte Ltd, is in talks with at least one advisor on the potential sale, said the sources, who asked not to be named as they were not authorised to speak to the media.

  • Reuters SG

    Thai Bev seeks up to $1 bln in Singapore IPO of beer unit -sources

    Singapore-listed Thai Beverage is looking to raise as much as $1 billion through the revived Singapore initial public offering (IPO) of its regional beer business later this year, two sources familiar with the matter said on Thursday. Earlier on Thursday, Thai Bev, the maker of Chang beer, said in a regulatory filing that it had re-started the process to list its regional beer unit, BeerCo, and would look to sell up to a 20% stake through the Singapore IPO.

  • Reuters SG

    Thai Beverage renews plan for IPO of regional beer assets

    Singapore-listed Thai Beverage said on Thursday it would look to sell a 20% stake in its regional beer business through a Singapore listing, more than a year after it postponed the plan for a second time due to pandemic-led uncertainty. The spin-off by ThaiBev, controlled by one of Thailand's richest men Charoen Sirivadhanabhakdi, was set to be the largest initial public offering in the city-state in nearly a decade before it was called off in April last year. In January 2021, Reuters had reported that the IPO could raise about $2 billion.