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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Thai Beverage puts Bangkok listing on hold again Reuters - 55 minutes ago BANGKOK, Dec 8 - The Stock Exchange of Thailand said on Monday that Thai Beverage <TBEV.SI> had put its Bangkok listing plans on hold because of protests by anti-alcohol activists. It is the latest failed attempt by Thailand's largest brewer and distiller to get a listing at home. Its shares are already traded in Singapore. "The company has informed us that it will cancel the listing plan in Bangkok," SET President Patareeya Benjapolchai told a news conference. "They said they understand that the country's economy has already suffered from the national conflict. Therefore, they decided to put a brake on the listing process to avoid any trouble." A long-running political crisis has hurt business confidence and added to the problems besetting the economy, especially after a recent week-long blockade of the capital's main airports. Thai Beverage said last week it would raise 375 million baht from a share sale as part of its plans to list in Bangkok. However, anti-alcohol activists and Buddhist monks said they would hold a rally on Monday in front of the stock exchange to protest against the plans. SCB Securities, a unit of Siam Commercial Bank <SCB.BK>, and Phatra Securities <PHAT.BK> are financial advisers for the share sale. Thai Beverage makes the country's leading Beer Chang and top-selling Mekong whisky. It has 60 percent of the beer market and 74 percent of the spirits market in the country of 64 million. The company, owned by liquor tycoon Charoen Sirivadhanabhakdi, has faced repeated problems in trying to get a listing in Bangkok. It tried for a listing in 2004 as part of plans to bring its sprawling operations under one company, but gave up in the face of opposition from monks and anti-alcohol activists who said it would promote alcohol consumption in Thailand. It decided to list instead in Singapore and made its debut in May 2006. The company's shares closed at S$0.215 on Friday in Singapore. The market was closed for a holiday on Monday. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Results due in key Indian state electionsAFP - 19 minutes ago Fire at Japan nuclear plant, no radiation leakAP - 24 minutes ago Thai opposition to call house session to name new premierAFP - 24 minutes ago US raises pressure on Pakistan to act after Mumbai attacksAFP - 44 minutes ago 2 Filipino robbery suspects killed in shootoutAP - 54 minutes ago Most Popular – Asia Pacific Viewed Diamond thieves pull off 100-million-dollar Paris heist Girl, 8, among 17 dead in Manila shoot-out: police Vinnie Jones gets into bar fight over role in X-Men Oil price falls below $40 Climate change: Sci-fi solutions no longer in the margins View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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