, Singapore
482 views
Stock photo.

ThaiBev and Frasers Property establishes a joint venture firm in Thailand

The two firms are currently eyeing an $84.27m investment deal.

Thai Beverage Company Limited, through its subsidiaries Open Innovation Co., Ltd. and Mee Chai Mee Chok Co., Ltd., have entered into a joint venture agreement with Frasers Property Holdings (Thailand) Co., Ltd., and Frasers Property Technology (Thailand) Co., Ltd., to establish Must Be Company Limited in Thailand.

Frasers Property’s two subsidiaries will own a 50% stake in the new company whilst Thai Bev’s subsidiaries will own the remaining 50%.

ALSO READ: ThaiBev revenue climbs 8.2% in past nine months

Must Be Company was established for the purpose of collaboration in the advancement of technology and digitalisation of Frasers and Thai Bev, including investing in third-party technologies and businesses that are complementary to Frasers and Thai Bev.

Currently, Must Be Company is exploring a potential share subscription of approximately $84.27m for a 50% stake in BetterBe Marketplace Co.
 

Follow the link s for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!