ThaiBev unit incorporates SpiritsCo Limited in HK

SpiritsCo has an initial issued share capital of HK$300,000.

International Beverage Holdings Limited, a direct wholly-owned subsidiary of Thai Beverage Public Company Limited (THBEV), incorporated a new wholly-owned subsidiary, SpiritsCo Limited (SpiritsCo), in Hong Kong.

In a bourse filing, THBEV said SpiritsCo will be incorporated as an investment holding company.

SpiritsCo has an initial issued share capital of HK$300,000, consisting of 300,000 shares. 

“The aforesaid investment was funded through internally generated funds and is not expected to have any material impact on the earnings per share and net tangible assets of THBEV for this financial year,” THBEV said.