Thailand: Thai Beverages makes an IPO filling to Securities & Exchange Commission

The Thailand's biggest brewery Thai Beverages PCL, submitted on September 2 a filing to the Securities & Exchange Commission on its planned initial public offering, reports Dow Jones.

This sets the stage for its share sale amid strong opposition from religious groups. According to the filing on the SEC Web site, the brewer will sell 7 billion new shares (each share has a par value of THB1) at the IPO later this year.

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