ThaiBev acquires Thailand restaurant chain for 114.5m baht
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
