ThaiBev acquires Thailand restaurant chain for 114.5m baht
Add BT as a preferred sourceTHAI Beverage Public Co (ThaiBev) has bought a 76 per cent stake in Thailand restaurant chain Spice of Asia for 114.5 million baht (S$4.7 million).
Funding for the acquisition will come from internal resources, said ThaiBev, a Thailand-based food and beverage company.
Spice of Asia runs 10 restaurants under four brands - Cafe Chilli, Chilli Thai Restaurant, Eat Pot and Pot Ministry - that serve Thai food and hotpot concepts. The acquired stake will be held by ThaiBev's wholly owned Food of Asia Co unit.
The acquisition is not expected to have a material impact on earnings per share or net tangible asset per share for the current financial year.
Share with us your feedback on BT's products and services
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Employers want AI-fluent employees. Hiring them is the challenge
