ThaiBev-Frasers joint venture to pay $75.97m share subscription to BetterBe

Must Be Company settled 30%, or $22.8m, on 31 May.

Must Be Company, a joint-venture company of Thai Beverage Company Ltd (ThaiBev), through its subsidiaries, and Frasers Property Holdings (Thailand) Co Ltd, agreed to pay a share subscription of THB1.95b ($75.97m) to BetterBe Marketplace Co Ltd's (BetterBe).

The share subscription payment allowed the joint venture company to own 50% of BetterBe's stake.

In an SGX filing, Must Be Company paid 30% of the share subscription, or THB585.9m ($22.8m), on 31 May.

The joint venture company will settle the remaining 70%, or THB1.38b ($53.3m), in tranches, with the last payment expected on or around 31 May 2024.

The filing also stated that SCG Marketplace Holding Company Limited, an indirect wholly-owned subsidiary of The Siam Cement Public Co Ltd, held the other half of BetterBe's shares.

BetterBe has capital worth THB3.91b consisting of 156,240,000 ordinary shares with a par value of THB25.

Follow the link s for more news on

Frasers Property

ThaiBev

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia