Friday, September 9, 2011

Thai Beverage

Thai Beverage: to lift trading halt at 3.30pm
To acquire Serm Suk (SSC), as part of its strategy to expand the non-alcoholic pdt portfolio and boraden logistic network to traditional trade, and to attain the efficient returnable bottle system.
Thai Bev will pay Bt 58/sh, or Bt 15.4b for a 100% stake in SSC.

SSC is a Thai co currently listed on the Stock Exch of Thailand.
It manufactures and distributes carbonated soft drink, iced tea drink, isotonic drink and fruit juice. It also distributes energy drink and Oishi Green Tea pdts, which are the pdts of THBEV subsidiary.
SSC generated revenue of Bt 22.1b and net profit of Bt 468m, it has NTA of Bt 10b.
The stock last closed at Bt 61.75/sh

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