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Reuters
2022.05.05 01:48
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Thai Beverage Updates On Potential Spin-Off And Listing Of Beerco Limited

May 5 (Reuters) - Thai Beverage PCL (TBEV.SI) :

May 5 (Reuters) - Thai Beverage PCL (TBEV.SI) :

  • UPDATES ON POTENTIAL SPIN-OFF AND LISTING OF BEERCO LIMITED

  • INTENTION FOR BEERCO LIMITED TO RESUME ITS SEEKING OF PROPOSED SPIN-OFF LISTING

  • WILL NOT BE CONVENING A GENERAL MEETING TO SEEK APPROVAL OF SHAREHOLDERS FOR PROPOSED SPIN-OFF LISTING

  • UNIT WILL CONDUCT PUBLIC OFFERING OF UP TO ABOUT 20% OF TOTAL NUMBER OF ISSUED SHARES OF BEERCO

  • INTERNATIONAL BEER SALES BUSINESS WILL CONTINUE TO BE OPERATED BY THAIBEV GROUP FOLLOWING PROPOSED SPIN-OFF LISTING

  • ANTICIPATED GROUP COULD USE PART OF PROCEEDS GENERATED FROM PROPOSED VENDOR SALE TO INTER ALIA REPAY INTEREST-BEARING DEBT

  • INTENDS TO RETAIN A SIGNIFICANT MAJORITY SHAREHOLDING IN BEERCO GROUP AFTER POTENTIAL SPIN-OFF

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