Thailand. Singha reconsiders packaging affiliate’s listing

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Thailand’s Singha beer producer Boonrawd Brewery plans to spin off its packaging subsidiary, listing it on the Stock Exchange of Thailand.

“We had planned to submit the filing for listing of the Bangkok Glass a few years ago. But, at that time, we were restructuring our businesses. Therefore, the listing got postponed to now,” Chutinant Bhirombhakdi, executive vice president of Singha Corp and executive of Boonrawd Brewery, said.

However, he said that it is reconsidering the plan and cannot specify the listing period yet.

Bangkok Glass is one of the major glass container manufacturers in Thailand and also produces Aluminium cap, plastic cap, corrugated carton and plastic containers.

In addition, it has diversified into sport business by founding Bangkok Glass Football Club and Volleyball Club as well as operated Wishing Tree Resort in Khon Kaen province.