THAI Beverage Public Company made a net profit of 18.9 billion baht (S$756.3 million) in the nine months of its truncated 2016 financial year.
Total paid-up capital now amounts to $72.3m. Thai Beverage (ThaiBev) announced that it has completed the increase in the issued and paid-up share capital worth $5.6m into its subsidiary, InterBev (Singapore).
The third-largest company in the world’s biggest Buddhist-majority country is ThaiBev, which makes its money selling rum and beer to a population whose religious texts exhort them to abstain from alcohol.
Estimated total deal value is $2.9B. With Vietnam’s government proposing to sell off Saigon Beer, Alcohol, Beverage Corporation (Sabeco) and Hanoi Alcohol Beer & Beverages Corp (Habeco) for an estimated total of US$2.2b (S$2.9b), various media outlets have revealed that … Continue reading
SABECO is seeking approval for stock listing. Thai Beverage (ThaiBev) is setting its sights on a stake in Vietnam’s largest brewer SABECO (Saigon Beer, Alcohol, Beverage Corporation).
Thai Beverage Plc (ThaiBev) will aggressively boost its business footprint in Asean through mergers and acquisitions, including a further stake in Vinamilk, Vietnam’s largest dairy producer.
According to the company’s internal announcement on Wednesday, its board of directors has approved a new organizational structure, effective October 1, 2016, to pursue Vision 2020 aspirations in becoming a stable and sustainable ASEAN leader in beverage industry.
Thai Beverage Public Company Limited (SGX: Y92) has an ambitious target of having more than 50% of its revenue coming from outside of Thailand by the year 2020. Currently, the company generates more than 90% of its revenue within Thailand. … Continue reading
Thai Beverage Plc (ThaiBev), the country’s biggest drinks company, says it is ready to pursue mergers and acquisitions on the back of its financial strength.
Amid a largely tepid Singapore bourse, Thai Beverage has stood out with its frothy rise this year, attracting investors with its dominance in Thailand’s alcohol market and strong earnings growth.