May 5 (Reuters) - Thai Beverage PCL (TBEV.SI) :
May 5 (Reuters) - Thai Beverage PCL (TBEV.SI) :
UPDATES ON POTENTIAL SPIN-OFF AND LISTING OF BEERCO LIMITED
INTENTION FOR BEERCO LIMITED TO RESUME ITS SEEKING OF PROPOSED SPIN-OFF LISTING
WILL NOT BE CONVENING A GENERAL MEETING TO SEEK APPROVAL OF SHAREHOLDERS FOR PROPOSED SPIN-OFF LISTING
UNIT WILL CONDUCT PUBLIC OFFERING OF UP TO ABOUT 20% OF TOTAL NUMBER OF ISSUED SHARES OF BEERCO
INTERNATIONAL BEER SALES BUSINESS WILL CONTINUE TO BE OPERATED BY THAIBEV GROUP FOLLOWING PROPOSED SPIN-OFF LISTING
ANTICIPATED GROUP COULD USE PART OF PROCEEDS GENERATED FROM PROPOSED VENDOR SALE TO INTER ALIA REPAY INTEREST-BEARING DEBT
INTENDS TO RETAIN A SIGNIFICANT MAJORITY SHAREHOLDING IN BEERCO GROUP AFTER POTENTIAL SPIN-OFF