Swire Pacific Plans Spin-Off and Listing of Beverage Subsidiary on Thai Stock Exchange

An announcement from Swire Pacific ( (HK:0019) ) is now available.

Swire Pacific Limited has announced a proposed spin-off and separate listing of its subsidiary, Thainamthip Corporation Public Company Limited (TCPCL), on the Stock Exchange of Thailand. TCPCL, which is engaged in the non-alcoholic ready-to-drink beverage industry in Thailand and Laos, is expected to remain a non-wholly owned subsidiary of Swire Pacific post-listing. The spin-off is subject to regulatory approvals and market conditions, and it is not anticipated to be a notifiable transaction under Hong Kong’s Listing Rules.

More about Swire Pacific

Swire Pacific Limited is a diversified conglomerate based in Hong Kong, with operations in various sectors including property, aviation, beverages, and marine services. The company is involved in the preparation, packaging, distribution, and sale of non-alcoholic ready-to-drink beverages under trademarks owned by The Coca-Cola Company in Thailand and Laos.

YTD Price Performance: 0.11%

Average Trading Volume: 3,639

Technical Sentiment Signal: Strong Sell

Current Market Cap: $10.9B

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