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  1. #1
    Mid
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    Thai Beverage to list on Thai bourse by year-end

    Thai Beverage to list on Thai bourse by year-end

    BANGKOK, Oct 23 (TNA) -- After a failure to list on the Stock Exchange of Thailand (SET) three years ago due to protests, Thai Beverage Public Co. Ltd., a major beer and whiskey producer in the country, has applied for listing on the SET with its shares expected to be traded by the end of this year.

    Finance Minister Suchart Thada-thamrongvech commented Thursday that the plan by the company to float 80 million shares, 0.3 per cent of the total outstanding shares in Thai Beverage with registered capital totaling Bt25.111 billion will make the company one of the top 10 highest registered capital firms to be listed on the SET.

    It will also help encourage investors to invest more on the Thai bourse while the market is sluggish due to investor worries over Thailand's political turbulence and the global financial crisis, he said.

    Mr. Suchart said the Thai government is willing to support Thai Beverage which has been listed on the Singapore Stock Exchange since May 2006 and that he believed the measures offered by the SET were sufficient to encourage more foreign investors to invest in the Thai bourse.

    An earlier attempt by Thai Beverage to list on the Bangkok exchange was derailed in 2005 due to protests led by retired Maj. Gen. Chamlong Srimuang, now a core leader of the anti-government People's Alliance for Democracy, who claimed beer and alcohol consumption offended Thai morals.

    Regarding Wednesday's proposal by Deputy Prime Minister Olarn Chaipravat that members of the Association of Southeast Asian Nations (ASEAN) together with China, Japan and South Korea should establish a US$350 billion reserve to protect the region from the impact of external economic shocks, Mr. Suchart said Thailand shared this same idea with the Philippines.

    Mr. Suchart said he believed the amount of the planned reserve pool would increase in the future because both China and Japan which have ample reserves now would be willing to set aside more money for the fund.

    Thailand which presently holds the chairmanship of ASEAN is expected to propose the idea on establishing reserve pool for liquidity needs in time of crisis on the sidelines of the Asia-Europe Meeting in Beijing late this week. (TNA)

    enews.mcot.net

    round two .............

    .

  2. #2
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    opportune time, this will piss off one of the PAD leaders 555

  3. #3
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    Quote Originally Posted by Mid View Post
    Maj. Gen. Chamlong Srimuang, now a core leader of the anti-government People's Alliance for Democracy .... claimed beer and alcohol consumption offended Thai morals.
    These people make me laugh at times.

  4. #4
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    In the current climate which is unlikely to change this year, it could well end up as yet another seriously undervalued stock soon after trading commences.

  5. #5
    Mid
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    seen this comming .............

    Anti-alcohol advocates to protest brewers listing on exchange

    BANGKOK, Oct 24 (TNA) Ė The Alcohol Watch Network and other 264 religious, family, and youth-related organisations' plan to stage a major protest against Thai Beverage, a major beer and whiskey producer to list on the Stock Exchange of Thailand (SET).

    Thai Beverage said in a statement released Wednesday that it has applied for listing on the SET with its shares expected to be traded by the end of this year.

    The previous company's attempt hit a snag due to protests and it moved to successfully list on the Singapore exchange in May 2006.

    Network coordinator Kamron Chudecha said the network opposed the application of the leading Thai beer maker to be listed in the SET as the company ran a business which harms the health of people and society.

    More importantly, he said, SET is Thailand's leading organisation, it should be aware more of Corporate Social Responsibility (CSR) and should not be involved with such sinful business against Thai morals.

    The Network will carry on all kinds of protests to stop the evil processes, said Kamron.

    Thai Beverage said stabilisation of Thailand's regulatory environment with the passage of a new alcohol bill through the parliament had contributed to its decision to list.

    Another anti-alcohol group, the Friends of Women Foundation, said the company's claim over the bill was irrelevant as the bill was aimed to protect public health and prevent new drinkers while SET listing would increase the capital of the company. (TNA)

    enews.mcot.net

  6. #6
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    ^didn't Thai Bev list on the Singapore Exchange? Would this be a dual listing or would Thai Bev delist from S'Pore Exchange?

    I remember working on the dual listing of DTAC and it was anything but easy because it made the logistics of buying and selling shares a nightmare

  7. #7
    Mid
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    dual

  8. #8
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    ^oh dear. Well regardless of the protests - unless things have changed - I would tell them not to bother. The only people who will make money out of such a listing will be the lawyers

  9. #9
    The Pikey Hunter
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    Thai Beverage should just issue a statement telling them all to go fcuk themselves.

  10. #10
    Mid
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    THAI BEV

    SEC likely to approve Thai Bev's share offering
    Mon, November 17, 2008 : Last updated 14:37 hours

    The Securities and Exchange Commission is likely to endorse Thai Beverage Plc's request to offer shares to Thai investors, citing that there is no reason to reject the company's proposal.

    Prasong Vinaiphat, assistant secretary-general of the securities watchdog, said that the public offering filing should win the SEC board's at the Nov 21 meeting.

    "There is no reason to reject the filing. Thai Bev has so far been screened by the Singapore Exchange. Thus, when the company is seeking a listing in the Thai bourse, the SEC is just screening and updating its financial statements and business prospects," Prasong said.

    The network of anti-alcohol campaigners earlier threatened to mobilise about 1,000 supporters in front of the Stock Exchange of Thailand's building on Nov 21, if the filing was approved.

    nationmultimedia.com

  11. #11
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    What's next, protesters camping at the SET?

  12. #12
    Mid
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    Protesters to protest at Exchange if Thai Beverage is listed

    BANGKOK, Nov 19 (TNA) - Forty thousand anti-alcohol activists are set to protest at the Stock Exchange of Thailand (SET) Thursday, if it allows Thai Beverage, a major brewery and distillery, to be listed on the bourse, a protest leader said Wednesday.

    Alcohol Watch Network coordinator Kamron Chudecha said the protesters from some 500 organisations will gather at SET at midday and would ask SET president Patareeya Benjapolchai whether she would reject the Thai Beverage application.

    The anti-alcohol activist called on the exchange to not allow business which are not accepted by society such as alcohol, gambling and tobacco to list on the bourse in future.

    The Network warned the public to avoid using major roads near the SET Thursday -- Wireless, Sukhumvit and Rama IV -- because traffic could be congested, Mr. Kamron said.

    If Mrs. Patareeya approves the Thai Beverage listing, the protesters will keep an overnight vigil at SET headquarters through Friday, he said.
    They will disperse if satisfactory replies are given, Mr. Kamron added. (TNA)

    enews.mcot.net

  13. #13
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    They really should cultivate the insight (recommended for Buddhists) and wisdom to choose their battles carefully.

    Lest they look like nitwits.

  14. #14
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    Quote Originally Posted by Frankenstein View Post
    They really should cultivate the insight (recommended for Buddhists) and wisdom to choose their battles carefully.

    Lest they look like nitwits.
    Too late for that, I am afraid.......

  15. #15
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    The Stock Exchange of Thailand decided to shelve its decision on whether to list Thai Beverage Plc indefinitely as thousands of monks, students and social activists celebrated the victory.
    Vichate Tantiwanich, a SET executive vice-president, told the protesters outside the exchange headquarters on Thursday that financial advisers for ThaiBev were unable to set an appropriate price for the local offering by the filing deadline.


    "As a result, the plan to list ThaiBev will be delayed," Mr Vichate said, adding the advisers had said market conditions were not conducive at this time.


    ThaiBev, the country's largest alcoholic beverage producer, had planned to sell 80 million existing shares in a public offering and dual listing on the SET.


    The company is currently listed on the Singapore Stock Exchange with 25 billion shares outstanding.


    The protesters surrounded the SET's headquarters yesterday on Ratchadaphisek road to pressure the exchange into rejecting the listing on moral grounds, a repeat of the widespread protests seen in 2005 when ThaiBev first sought listing.


    The Securities and Exchange Commission had set a deadline for today for the share listing, and had already signalled it would approve the filing as a matter of routine. Phatra Securities and SCB Securities are the financial advisers for the ThaiBev listing.


    The protesters dispersed after the announcement by SET officials that the listing would be delayed, but vowed to rally again if ThaiBev made another attempt.

    Bangkok Post


  16. #16
    Mid
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    Anti-alcohol protestors pour beer and alcohol in a protest against Beer Chang outside the Stock Exchange in Bangkok Thursday.Thousands of monks along with thousands protesters take part to protest against plans by Beer Chang company to list in the market.

    bangkokpost.net

  17. #17
    Mid
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    ThaiBevís stock to offer at 4.69 baht apiece
    04 December 2008

    Securities and Exchange Commission (SEC)ís spokesman disclosed today (December 4) that Thai Beverage Plc (ThaiBev), Thailandís largest alcohol beverage producer, will allot its 80 million shares to be offered for sale to general public priced at 4.69 baht apiece.

    The shares will be offered for sale to general public between December 4, 8 and 9. The will be available for institutional investors on December 4 and 8.

    ThaiBev is seeking listing on the Stock Exchange of Thailand (SET). The stock is pending listing after various anti-alcohol groups opposed the firmís move. It resulted in SETís board deferring the approval process to calm down situation, citing reason that it needed additional information from the firm.

    ThaiBev stock currently is traded on Singapore stock exchange.

    thainews.prd.go.th

  18. #18
    Mid
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    Protesters to rally against Thai Beverage listing at SET headquarters
    December 7, 2008 : Last updated 06:40 pm

    The Alcohol Watch Network will organise a rally against the listing of Thai Beverage at the headquarters of the Stock Exchange of Thailand Monday morning.

    Doctor Kriangsak Watcharanukul, chairman of the Rural Doctor Society, said Thai Beverage had already offered initial public offering of its shares on December 4 to 9 before getting approval from the SET for its listing.

    He said the Rural Doctor Society would campaign against the listing.

    nationmultimedia.com

  19. #19
    Mid
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    ThaiBev puts listing on hold
    Monday December 08, 2008 11:20

    Thai Beverage had put its Bangkok listing plan on hold Monday because of protests by anti-alcohol activists, according to Stock Exchange of Thailand (SET).

    "The company has informed us that it will cancel the listing plan in Bangkok," SET President Patareeya Benjapolchai told a news conference.

    The statament came after anti-alcohol lobbyists said it would stage a rally on Monday morning at the SET after ThaiBev began selling its shares after a controversial move to list it on the stock market.

    ThaiBev's listing plan has been hindered by protesters since 2005.

    ThaiBev, the country's largest brewer and distiller, is listed in Singapore. It is the producer of Chang beer.

    bangkokpost.net

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