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Food & Beverage

ThaiBev CEO says beer business IPO still on table

Listing plan hinges on investors' outlook on pandemic

Thai Beverage brews Chang beer, an ubiquitous brand in Asia.  

BANGKOK -- Thai Beverage still considers the listing of its beer subsidiary as the most viable way of raising funds for further expansion, Southeast Asia's major brewer said on Thursday, as it sought to make clear its plans while the pandemic roils on.

"The IPO will certainly happen," said President and CEO Thapana Sirivadhanabhakdi at Thai Beverage's annual news conference, without specifying when the process will begin. "Based on compliance regulation, we have to seek approval from Singapore Exchange once again. Once we receive the approval, we will proceed," he said.

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