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.