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Hot stock: ThaiBev heavily traded after update on BeerCo listing plans

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Sharanya Pillai

Sharanya Pillai

Published Fri, Jul 29, 2022 · 10:32 AM
    • In a bourse filing before Friday’s market open, ThaiBev said that there was no certainty or assurance that its plans to spin off BeerCo would proceed at all, or in the form it described back on May 5.
    • In a bourse filing before Friday’s market open, ThaiBev said that there was no certainty or assurance that its plans to spin off BeerCo would proceed at all, or in the form it described back on May 5. PHOTO: BLOOMBERG

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    SHARES of Thai Beverage (ThaiBev) closed up 0.8 per cent or S$0.005 to S$0.645 on Friday (Jul 29) after heavy trading following the announcement that it may decide not to proceed with the proposed spin-off listing of brewery unit BeerCo on the Singapore Exchange (SGX) mainboard.

    ThaiBev was the fourth most traded by volume on the Singapore bourse just minutes after the market opened, with 4.2 million shares changing hands as at 9.03 am. It later hit a 2-week high of S$0.65 at 10.02 am, up 1.6 per cent or S$0.01, and then eased back to S$0.64 as at 10.31 am, with 10.3 million shares traded.

    No married deals were recorded, going by ShareInvestor data.

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