ThaiBev acquires Thailand restaurant chain for 114.5m baht

Published Tue, Oct 3, 2017 · 11:33 AM

THAI 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.

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Companies & Markets

Companies & Markets

ThaiBev acquires Thailand restaurant chain for 114.5m baht

Companies & Markets

HCA beats first-quarter profit estimates on higher patient admissions

F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years

LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses

Exxon misses on Q1 profit despite big gains in Guyana

US FDA approves Pfizer’s gene therapy for rare bleeding disorder

Chevron's quarterly profit beats estimates

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