Thai Bev strongly denies that it seeks funds for a potential offer for F&N

The company refutes a report by Business Times on September 10.

Thai Bev said the company has been seeking refinancing proposals for the loan previously taken out by the company to finance the company's initial investment in Fraser & Neave, which was announced by the company on August 4, 2012. "The company is seeking funding for a potential general offer for F&N.

Thai Bev adds:

The Board understands that a party acting in concert with the company is exploring the possibility of making an offer for F&N.

Shareholders of the company and F&N should note that there is no certainty that an offer for F&N will materiallise. Accordingly, shareholders of the company and F&N are advised to refrain from taking any action in relation to their shares in the company and F&N which may be prejudicial to their interests.