ThaiBev prepares an IPO for beer business in Singapore Stock Exchange, expects to raise 6 billion baht

Thai Beverage Public Company Limited) havePublish documentsDetails of the plan to list beer business on the Singapore Stock Exchange

The company will sell IPO shares this time in the proportion of not more than 20% of the total ordinary shares. Which is expected to raise approximately 2 billion dollars or about 6 billion baht

After ThaiBev informed the Singapore Stock Exchange Has immediately caused the stock price to rise as much as 4.4% in early trading. Which spiked the most since November

Nirgunan Tiruchelvam Head of Stock Research Tellimer It said this could be Singapore’s biggest IPO in a decade. While the value of the company is expected to be US $ 10 billion or about 300 billion baht.

The subsidiaries under BeerCo consist of manufacturing And distributes beers such as Chang, Archa, Federbroy in Thailand and Vietnam, as well as producing and distributing Saigon Beer and 333 in Vietnam of Saigon Beer, Alcohol, Beverage or Sabeco.

For FY2020 BeerCo results (ending 30 Sep 20) total revenues of S $ 4.7 billion. The main profit, taxed, is approximately S $ 348 million. This profit represents 30% of ThaiBev’s revenue in FY2020.

However, ThaiBev stressed that this plan is still subject to consideration and approval from the regulatory body in Singapore. As well as the market condition is not certain.

The origin

Bloomberg

ThaiBev