Thai Beverage plans Singapore IPO of up to $3 billion: sources

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Thai Beverage plans Singapore IPO of up to $3 billion: sources
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Thai billionaire Charoen Sirivadhanabhakdi's Thai Beverage is planning a Si...

FILE PHOTO: A man rides his motorcycle past a beer factory belonging to Thai Beverage in Ayutthaya province, some 80 km north of Bangkok September 11, 2012. REUTERS/Sukree Sukplang

The Singapore-listed company has tapped banks for the listing of a unit which could house its beer assets in Vietnam and Thailand, a source said on condition of anonymity as he was not authorized to speak to the media. Details of the fund raising have not been finalised, he said. Thai Bev’s shares were put on a trading halt pending an announcement after the stock rose 5.2 percent.

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