The beverage manufacturer wants to divest its property stakes to become a pure-play F&B business
THAI Beverage (ThaiBev) has proposed a share swap which will result in the beverage manufacturer exiting the property business and becoming a pure-play food and beverage company.
ThaiBev will transfer its entire 28.78 per cent shareholding in Frasers Property to TCC Assets, an entity owned by the Sirivadhanabhakdi family.
ThaiBev is also owned by the Sirivadhanabhakdi family. The annual report states that Thai business magnate Charoen Sirivadhanabhakdi has a 65.85 per cent deemed interest, through various entities, in the beverage company, as at Dec 11, 2023.
