THAIBEV HOPING TO REGISTER ON THAILAND’S STOCK EXCHANGE

ThaiBev, the largest alcohol producer in Thailand, will continue trying to list on the country’s Stock Exchange but will carry on with business as usual until that happens. If the company enlists on the Stock Exchange of Thailand, it will be the largest initial public offering ever undertaken by a privately owned local company; however, due to the protests of religious and social activists, the Securities and Exchange Commission has postponed their final decision. “The Securities and Exchange Commission told us to wait. We’ll wait. Financial matters are not at all an issue for a company with this level of revenue,” said Kasemsant Weerakun, VP for corporate communications. ThaiBev will continue to use its revenue towards expansion and enhancing consumer recognition of their products. Ueychai Tantha-obhas, managing director of Thai Beverage Marketing Co, said “ThaiBev aims to release new products at regular intervals, especially products in the premium segment.”