Thai billionaire Charoen Sirivadhanabhakdi's Thai Beverage is planning a Si...
FILE PHOTO: A man rides his motorcycle past a beer factory belonging to Thai Beverage in Ayutthaya province, some 80 km north of Bangkok September 11, 2012. REUTERS/Sukree Sukplang
The Singapore-listed company has tapped banks for the listing of a unit which could house its beer assets in Vietnam and Thailand, a source said on condition of anonymity as he was not authorized to speak to the media. Details of the fund raising have not been finalised, he said. Thai Bev’s shares were put on a trading halt pending an announcement after the stock rose 5.2 percent.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thai November headline inflation rate seen quickening to 0.34%: Reuters pollThailand's annual headline inflation rate in November likely quickened from...
Read more »
Thai deer found dead with 'plastic bags and underwear' in stomachOfficials say the 10-year-old deer, found dead in a national park in Nan province, had consumed seven kilogrammes of coffee grounds, instant noodle packaging, garbage bags, towels, and men's underwear.
Read more »
Abu Dhabi, Kuwait sovereign funds plan investment in Aramco IPO: sourcesThe sovereign wealth funds of Abu Dhabi and Kuwait plan to invest in the initial...
Read more »
Saudi Aramco IPO's retail offer fully covered with $8.7 billion in orders: lead managerThe retail portion of Saudi Aramco's initial public offering (IPO) has been...
Read more »
Deutsche Bank sells $50 billion in assets to Goldman amid overhaul: sourcesDeutsche Bank has sold $50 billion in unwanted assets to Goldman Sachs as part o...
Read more »
WeWork's ill-fated IPO shows market discipline: Oaktree's MarksWeWork's failure to go public and this year's disappointing tech IPOs ...
Read more »