“ThaiBev continues to believe that BeerCo's position as one of the leading beer players in Southeast Asia and its growth potential offer a distinct and compelling growth story,” says the group in an April 16 statement.
“ThaiBev will closely monitor the market conditions, evaluate and explore opportunities to maximize shareholders’ value. The proposed spin-off listing will be reviewed at the appropriate time,” it adds.
Shares in ThaiBev closed 0.5 cent lower or 0.7% down at 74.5 cents on April 16.
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