Orange opposition
You would not have thought that Buddhist monks would take an active interest in such mundane matters as the flotation of shares on the Thai stock exchange. Yet, following strong opposition from protesters clad in orange, the Stock Exchange of Thailand has postponed its decision to allow Thai Beverages, the country’s largest beer producer, to list on the market. The controversial listing, which has already been postponed several times, was going to raise some USD 950 million (EUR 797 million) for the company which brews market leader Chang Beer, Mekhong rum, Saeng Som and Hong Thong whiskies. A final decision on the listing, which would have been the largest by value in Thailand’s history, is now expected before the end of the year.
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