F&N

F&N: ThaiBev announced that it is their current intention to maintain the listing status of the Company, and have also stated that they are currently in discussions with SGX regarding the restoration of the free float in the Co and will provide updates in due course. The key issues will now be on the structure and quantum of the restoration of float and the new mgt strategy for growth. Analysts note that it will be trickier to restructure the entities with both being listed, which could probably explain the drop in ThaiBev’s share price yesterday. Market watchers note that it is unlikely that the market would be willing to pay $9.55 per share in a placement, given that Charoen's purchase price included a control premium.