Thai Beverage Won’t List in Thailand as Monks Protest
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Thai Beverage Pcl, Thailand’s biggest brewer and whiskey maker, said it won’t sell shares in the country’s exchange until an “appropriate” time amid protests by activists and Buddhist monks opposing the listing.
The company’s financial advisers have recommended the company shouldn’t price its shares, “given the current global market’s instability in the past few days and prevailing investors’ concern over the direction of the market this week,” Thai Beverage said in a statement to Singapore’s stock exchange.