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 (SET). The company has received confirmation from the Stock Exchange that it may proceed with the spin-off under the relevant regulations. On May 6, 2025, TCPCL submitted applications to the Securities and Exchange Commission $(SEC.UK)$ and the SET for the listing of its shares and public offering. This move marks a significant step in Swire Pacific's strategic plans to streamline its operations and focus on its core business areas.
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