HK-listed Swire Pacific says unit to list on Thai exchange (updated)
06/05/2025 11:45
Adds details and background in paragraphs 3-5 May 6 (Reuters) - Hong Kong-listed Swire Pacific 0019.HK said on Tuesday its Thai unit, which is a bottling partner of Coca-Cola KO.N, will be listed on the Thailand stock exchange through a public offering of its shares. The unit, ThaiNamthip Corporation (TCPCL), would remain a non-wholly owned subsidiary of Swire Pacific, the conglomerate said in a statement. In 2024, TCPCL, Coca-Cola and Swire Coca-Cola inked a deal forming a strategic bottling alliance in north ASEAN countries, including Thailand, Laos, Vietnam and Cambodia. Swire Coca-Cola is a wholly-owned subsidiary of Swire Pacific and the majority shareholder of TCPCL. (Reporting by Rajasik Mukherjee; Editing by Mrigank Dhaniwala and Shinjini Ganguli) ((Rajasik.Mukherjee@thomsonreuters.com;))
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