BANGKOK: Thai tycoon Sathien Setthasit said he plans to pour US$300mil into helping his energy-drink company Carabao Group Pcl take on Red Bull in China, part of a push to expand overseas revenue. The shares rose the most in almost a month.
The outlay is earmarked for marketing and distribution in the next three years to tap rising Chinese demand for energy beverages, Sathien said in an interview.
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