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ThaiBev Buys Chain Of Ten Restaurants

October 3, 2017: 12:00 AM EST
Food and beverage company ThaiBev has purchased a majority interest in Thailand restaurant chain Spice of Asia for $3.5 million. The chain operates 10 restaurants under four brands that serve Thai food and hotpot cuisines. ThaiBev will use its own cash to buy the 76 percent stake, which will be held by a wholly-owned ThaiBev business unit.
Kenneth Lim, "ThaiBev Acquires Thailand Restaurant Chain for 114.5m Baht", Business Times, October 03, 2017, © SINGAPORE PRESS HOLDINGS LTD
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