SINGAPORE: Thai billionaire Charoen Sirivadhanabhakdi's Thai Beverage is planning a Singapore IPO of some of its regional beer assets in a float that could raise $2 billion to $3 billion next year, a source familiar with the matter said on Friday.
The Singapore-listed company has tapped banks for the listing of a unit which could house its beer assets in Vietnam and Thailand, a source said on condition of anonymity as he was not authorised to speak to the media. Details of the fund raising have not been finalised, he said.
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