ThaiBev's plans for F&N stake seen clearer after FCL listing
MORE could come to light about Thai Beverage Public Co's (ThaiBev's) plans for its stake in conglomerate Fraser & Neave (F&N), as a listing for Frasers Centrepoint Limited (FCL) draws nearer.
F&N will close the books on FCL's split on Thursday. The "demerger" of F&N's property arm has already received shareholder and regulatory approval.
The split will be effected by way of a listing by introduction of FCL and a two-for-one in-specie distribution of FCL shares to current F&N shareholders.
Analysts see the proposed listing of FCL as signalling ThaiBev's return to its roots as a food and beverage (F&B)…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Danone beats Q1 sales forecasts, keeps 2024 goals
Concord to buy Hipgnosis in US$1.4 billion deal
Nokia sees stronger H2 after Q1 comparable profit grows less than expected
TSMC posts first profit growth in a year after global AI boom
Latest Singapore one-year T-bill offers cut-off yield of 3.58%