“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.
See also:
- ThaiBev subsidiary BeerCo one step closer to IPO
- Analysts divided on ThaiBev after mixed 1Q results, BeerCo IPO plan
- 'BeerCo', ThaiBev's impending spin-off, reports 1QFY21 earnings of $77 mil, up 72.4%
- 'Add' ThaiBev as BeerCo IPO could rerate stock: CGS-CIMB
- ThaiBev's BeerCo to list on SGX Mainboard
Scroll to continue
