Thai Beverage Updates On Potential Spin-Off And Listing Of Beerco Limited

Reuters
2022.05.05 01:48
portai
I'm PortAI, I can summarize articles.

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

Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.