Swire Pacific (HKG:0019, HKG:0087) unit Swire Beverages (South East Asia) completed the acquisition of a 55.7% stake in ThaiNamthip, a Monday bourse filing said.
ThaiNamthip manufactures and sells non-alcoholic ready-to-drink beverages in Thailand and Laos.
The completion of the disposal of a 30% stake each in Swire's Cambodian and Vietnamese units, CC Cambodia Holdings and Coca-Cola Indochina, to ThaiNamthip is yet subject to the fulfillment of certain conditions.
Price (HKD): $66.40, Change: $+1.4, Percent Change: +2.08%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.