A worker arranges bottles of Thai Beverage Pcl (ThaiBev) Chang beer on a conveyor system as they move along the production line at the company’s Beer Thip brewery in Ayutthaya province. (File photo: Bloomberg)
Thai Beverage Public Company Limited is set to revive the initial public offering of its brewery unit in Singapore after shelving the planned first-time share sale twice due to Covid-19, according to people with knowledge of the matter.
The maker of Chang beer, controlled by Thailand’s richest man Charoen Sirivadhanabhakdi, is working with financial advisers to gauge investors’ interest in BeerCo Ltd, said the people. ThaiBev, which is traded in Bangkok and Singapore, is still seeking to raise about US$2 billion from the brewery business’s IPO, the people said, asking not to be identified as…
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