Brief: Thai Beverage Updates On Potential Spin-Off And Listing Of Beerco Limited

Thai Beverage Public

05/05/2022 02:48

May 5 (Reuters) - Thai Beverage PCL  TBEV.SI :
    * UPDATES ON POTENTIAL SPIN-OFF AND LISTING OF BEERCO
LIMITED
    * INTENTION FOR BEERCO LIMITED TO RESUME ITS SEEKING OF
PROPOSED
SPIN-OFF LISTING
    * WILL NOT BE CONVENING A GENERAL MEETING TO SEEK APPROVAL
OF
SHAREHOLDERS FOR PROPOSED SPIN-OFF LISTING
    * UNIT WILL CONDUCT PUBLIC OFFERING OF UP TO ABOUT 20% OF
TOTAL
NUMBER OF ISSUED SHARES OF BEERCO
    * INTERNATIONAL BEER SALES BUSINESS WILL CONTINUE TO BE
OPERATED
BY THAIBEV GROUP FOLLOWING PROPOSED SPIN-OFF LISTING
    * ANTICIPATED GROUP COULD USE PART OF PROCEEDS GENERATED
FROM
PROPOSED VENDOR SALE TO INTER ALIA REPAY INTEREST-BEARING DEBT
    * INTENDS TO RETAIN A SIGNIFICANT MAJORITY SHAREHOLDING IN
BEERCO
GROUP AFTER POTENTIAL SPIN-OFF

Source text for Eikon:  ID:nSN7mjPT6 
Further company coverage:  TBEV.SI 

 ((Reuters.Briefs@thomsonreuters.com;))