Thai Beverage Public Company Limited http://www.alacrastore.com/company-snapshot/Thai_Beverage_Public_Company_Limited-3769909 Saturday, July 26, 2008 8:06:27 AM 3769909 Thai Beverage Public Company Limited en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/659327spcred/659327normThe latest Full Report from S&Pglobal7/14/2008 12:01:11 PM400Full Report659327ThailandDistillers & VintnersAsiaEmerging MarketsGlobal IssuersCorporationsConsumer ProductsFull ReportDominant market position in the Thai spirits and beer market; Improving product portfolio; and Modest financial risk profile. Dependence on a few key brands, and clear focus on the very competitive low-price segment; Pursuit of its growth strategy, especially if it includes acquisitions, and product development risks, may translate into more aggressive financial policies; Exposed to local regulation changes, especially regarding taxes and advertising. The rating on Thai Beverage Public Co. Ltd. (ThaiBev) reflects the following strengths: Dominant market position. ThaiBev is Thailand's leading producer of spirits and beer, representing almost half of the beer and approximately 74% of spirits sold in the country. It is also one of the largest brewers and distillers in Southeast Asia. Its competitive edgeTHA30201020 302010 3020 30Thai Beverage Public Co. Ltd.412176ASIAEMERGINGTHBEV@SPFULLGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/659328spcred/659328normThe latest Summary from S&Pglobal7/14/2008 12:01:11 PM175Summary659328ThailandDistillers & VintnersAsiaEmerging MarketsGlobal IssuersCorporationsConsumer ProductsSummaryThe rating on Thai Beverage Public Co. Ltd. (ThaiBev) reflects the following strengths: Dominant market position. ThaiBev is Thailand's leading producer of spirits and beer, representing almost half of the beer and approximately 74% of spirits sold in the country. It is also one of the largest brewers and distillers in Southeast Asia. Its competitive edge is its extensive distribution network, particularly key for the rural markets, in addition to its strong brand identity. Improved product portfolio. Aligning with consumer preferences toward lower-alcohol beers, ThaiBev introduced Archa Beer in 2004, and Chang Light and the bottled Chang Draught in 2006. To expand further into more profitable segments, it launched Blend 285 Spirit in 2006 and Federbrau Beer in June 2008,THA30201020 302010 3020 30Thai Beverage Public Co. Ltd.412176ASIAEMERGINGTHBEV@SPSUMMARYGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_158561_820599567moodys/PR_158561_820599567htmlGlobal Credit Research Announcement # JUL #### Announcement: Wesfarmers Limited Moody's has stable outlook for Asia retailers, consumer products Sydney, July ##, #### -- Moody's Investors Service has a stable rating outlook for Asia...7/4/2008 12:43:09 AMhtmlWesfarmers LimitedShinsegae Co., Ltd.Thai Beverage Public Company LimitedCentral Proteinaprima Tbk (P.T.)Parkson Retail Group LimitedChina Fishery Group LimitedMatahari Putra Prima Tbk (P.T.)Woolworths LimitedCoca-Cola Amatil (Aust) Pty Ltd.Universal Robina CorporationSan Miguel CorporationFoster's Group LimitedLion Nathan LimitedCentral Proteinaprima Tbk (P.T.); China Fishery Group Limited; ...820599567820320429809969290809649227809620979809600396809282657808835860600047618600021965600014392600014125358800150.0000NewsAnnouncementPR_158561_820599567Credit & Investment ResearchMoody's Global Credit ResearchTHAILAND - Damrongfah signed a Memorandum of Understanding {MoU} to acquire the entire share capital of Thai Alcohol PCL, an alcoholic beverages producer, from Thai Beverage PCL, for #.### bil Thailand baht ($##.### mil US) in cash. The transaction was subject to shareholders and regulatory approvals.5/16/2008 11:49:51 AM23150R88452J23150R88366HDamrongfahThai Alcohol PCLDamrongfahThai Beverage PCLhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Damrongfah_acquires_Thai_Alcohol_PCL_from_Thai_Beverage_PCL-1977955040sdc/19779550401977955040Copyright © 2008, Thomson Financial, All Rights ReservedInvestment & Commodity Firms,Dealers,ExchangesThailandInvestors, nec6799FFForeignPrivate6719:Offices of holding companies, nec6799:Investors, nec6719:Offices of holding companies, nec6799:Investors, necFood and Kindred ProductsThailandDistilled and blended liquors2085FFForeignSubsidiary1010738001Invest hldg coProduce alcoholic beveragesCashCash OnlyStock1010735001May 16 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.00000Damrongfah is an investmentholding company, headquarteredin Thailand.Damrongfah is an investment holding company, headquarteredin Thailand.Damrongfah is an investment holding company, headquartered in Thailand.1.000002.000003.000004.00000Thai Alcohol PCL, producealcoholic beverages. Thecompany is headquartered inThailand.Thai Alcohol PCL, produce alcoholic beverages. The companyis headquartered in Thailand.Thai Alcohol PCL, produce alcoholic beverages. The company is headquartered in Thailand.0.000000.000000.000000.00000NThai Baht15 May 08Thu, 15 May 2008 00:00:00 ESTDate Announced: 05/15/2008Date Effective:MergerFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.000001590.95 Thai Baht1590.950000.000001590.95 Thai Baht1590.950000.000000.000000.000000.000001590.950001590.95 Thai Baht0.03100N25.336000.000000.000000.000000.000000.0000049.3210049.321000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.00000THAILAND - Damrongfah signed aMemorandum of Understanding{MoU} to acquire the entireshare capital of Thai AlcoholPCL, an alcoholic beveragesproducer, from Thai BeveragePCL, for 1.591 bil Thailandbaht ($49.321 mil US) in cash.The transaction was subject toshareholders and regulatoryapprovals.THAILAND - Damrongfah signed a Memorandum of Understanding {MoU} to acquire the entire share capital of Thai Alcohol PCL, an alcoholic beverages producer, from Thai Beverage PCL, for 1.591 bil Thailand baht ($49.321 mil US) in cash. The transaction was subject to shareholders and regulatory approvals.THAILAND - Damrongfah signed a Memorandum of Understanding {MoU} to acquire the entireshare capital of Thai Alcohol PCL, an alcoholic beverages producer, from Thai BeveragePCL, for 1.591 bil Thailand baht ($49.321 mil US) in cash. The transaction was subject toshareholders and regulatory approvals.THAILAND - Damrongfah signed a Memorandum of Understanding {MoU} to acquire the entire share capital of Thai Alcohol PCL, an alcoholic beverages producer, from Thai Beverage PCL, for 1.591 bilThailand baht ($49.321 mil US) in cash. The transaction was subject to shareholders and regulatory approvals.THAILAND - Damrongfah signed a Memorandum of Understanding {MoU} to acquire the entire share capital of Thai Alcohol PCL, an alcoholicbeverages producer, from Thai Beverage PCL, for 1.591 bil Thailand baht ($49.321 mil US) in cash. The transaction was subject toshareholders and regulatory approvals.PrimePartners Corporate Finance Pte Ltd1.00000$ 49.321 - PrimePartners Corp Fin - F Opin0.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002082:Malt beverages2085:Distilled and blended liquors1010738001Thailand6799ForeignPrivate2082:Malt beverages2084:Wines, brandy, and brandy spirits2085:Distilled and blended liquors841937001SingaporeThailand2084ForeignPublicY9249.321001590.9500049.3210025.33600Deal InformationThomson Financial Mergers & AcquisitionsTHAILAND - Thai Beverage PCL signed a Memorandum of Understanding {MoU} to acquire a ##.#% stake, or ##.### mil ordinary shares, in Oishi Group PCL, a restaurant owner and operator, from Yodkij Business Co Ltd, for ## Thailand baht ($#.### US) in cash per share, or a total value of #.### bil baht ($##.### mil), in a privately negotiated transaction. The transaction was subject to shareholders' and regulatory approvals and to due diligence review.5/16/2008 11:49:51 AM88366H66960Z88366H66960ZThai Beverage PCLOishi Group PCLThai Beverage PCLOishi Group PCLhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Thai_Beverage_PCL_acquires_a_minority_stake_in_Oishi_Group_PCL-1977920040sdc/19779200401977920040Copyright © 2008, Thomson Financial, All Rights ReservedSingaporeFood and Kindred ProductsThailandWines, brandy, and brandy spirits2084FFForeignPublicY922082:Malt beverages2084:Wines, brandy, and brandy spirits2085:Distilled and blended liquors2082:Malt beverages2084:Wines, brandy, and brandy spirits2085:Distilled and blended liquorsThailandRetail Trade-Eating and Drinking PlacesThailandEating places5812FFForeignPublicOISHI841937001Produce alcoholic beveragesOwn,op restaurantsCashCash OnlyOrdinary Share880400001May 16 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000BA31 Dec 070.00000348.692000.000003376.468002670.72200Thai Baht0.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.00000Thai Beverage PCL is analcoholic beverages producer,headquartered in Bangkok,Thailand. The principalactivities of the group is theproduction of beer and spiritsin Thailand under the brandname "Chang Beer". The Group'swell-known spirits brandsinclude Sangsom, Mekhong andMungkorn Thong. It owns threestate-of-the art breweries.Other activities of the Groupinclude the production ofdrinking water, soda water,industrial alcohol andby-productsfrom the brewingand distilling process. Itsproducts are exported to 19other countries. The companywas founded in 2003Thai Beverage PCL is an alcoholic beverages producer,headquartered in Bangkok, Thailand. The principal activitiesof the group is the production of beer and spirits inThailand under the brand name "Chang Beer". The Group'swell-known spirits brands include Sangsom, Mekhong andMungkorn Thong. It owns three state-of-the art breweries.Other activities of the Group include the production ofdrinking water, soda water, industrial alcohol andby-productsfrom the brewing and distilling process. Itsproducts are exported to 19 other countries. The company wasfounded in 2003Thai Beverage PCL is an alcoholic beverages producer, headquartered in Bangkok, Thailand. The principal activities of the group is the production of beer and spirits in Thailand under the brand name "Chang Beer". The Group's well-known spirits brands include Sangsom, Mekhong and Mungkorn Thong. It owns three state-of-the art breweries. Other activities of the Group include the production of drinking water, soda water, industrial alcohol and by-productsfrom the brewing and distilling process. Its products are exported to 19 other countries. The company was founded in 20031.000002.000003.000004.000005.000006.000007.000008.000009.0000010.00000Oishi Group PCL, owns andoperates restaurants. Thecompany is headquartered inThailand. The company isengaged in the operation ofjapanese restaurants as wellas manufacturing anddistribution of semi-finishedfoods, finished foods, bread,ramen, and beverages.Oishi Group PCL, owns and operates restaurants. The companyis headquartered in Thailand. The company is engaged in theoperation of japanese restaurants as well as manufacturingand distribution of semi-finished foods, finished foods,bread, ramen, and beverages.Oishi Group PCL, owns and operates restaurants. The company is headquartered in Thailand. The company is engaged in the operation of japanese restaurants as well as manufacturing and distribution of semi-finished foods, finished foods, bread, ramen, and beverages.0.000000.000000.00000187.50000NThai Baht15 May 08Thu, 15 May 2008 00:00:00 ESTDate Announced: 05/15/2008Date Effective:Acq. Part. Int.Neutral0.000000.000000.000000.000000.0000037.00000Price/Share0.000003045.64 Thai Baht3045.638006937.672003045.64 Thai Baht3045.638000.000000.000001.147001.147003045.638003045.64 Thai Baht0.03100N48.501000.000000.000000.000000.000000.0000094.4180094.418000.000000.000000.000000.000000.000000.000000.0000043.900000.000000.000000.000000.000000.000000.000000.000000.000000.000001.085000.912000.974000.000000.000000.000000.000000.000000.000000.00000177.291000.000000.000000.000000.000000.0000021.310005.7100028.700001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.00000THAILAND - Thai Beverage PCLsigned a Memorandum ofUnderstanding {MoU} to acquirea 43.9% stake, or 82.315 milordinary shares, in OishiGroup PCL, a restaurant ownerand operator, from YodkijBusiness Co Ltd, for 37Thailand baht ($1.147 US) incash per share, or a totalvalue of 3.046 bil baht($94.418 mil), in a privatelynegotiated transaction. Thetransaction was subject toshareholders' and regulatoryapprovals and to due diligencereview.THAILAND - Thai Beverage PCL signed a Memorandum of Understanding {MoU} to acquire a 43.9% stake, or 82.315 mil ordinary shares, in Oishi Group PCL, a restaurant owner and operator, from Yodkij Business Co Ltd, for 37 Thailand baht ($1.147 US) in cash per share, or a total value of 3.046 bil baht ($94.418 mil), in a privately negotiated transaction. The transaction was subject to shareholders' and regulatory approvals and to due diligence review.THAILAND - Thai Beverage PCL signed a Memorandum of Understanding {MoU} to acquire a 43.9%stake, or 82.315 mil ordinary shares, in Oishi Group PCL, a restaurant owner and operator,from Yodkij Business Co Ltd, for 37 Thailand baht ($1.147 US) in cash per share, or atotal value of 3.046 bil baht ($94.418 mil), in a privately negotiated transaction. Thetransaction was subject to shareholders' and regulatory approvals and to due diligencereview.THAILAND - Thai Beverage PCL signed a Memorandum of Understanding {MoU} to acquire a 43.9% stake, or 82.315 mil ordinary shares, in Oishi Group PCL, a restaurant owner and operator, from YodkijBusiness Co Ltd, for 37 Thailand baht ($1.147 US) in cash per share, or a total value of 3.046 bil baht ($94.418 mil), in a privately negotiated transaction. The transaction was subject toshareholders' and regulatory approvals and to due diligence review.THAILAND - Thai Beverage PCL signed a Memorandum of Understanding {MoU} to acquire a 43.9% stake, or 82.315 mil ordinary shares, in OishiGroup PCL, a restaurant owner and operator, from Yodkij Business Co Ltd, for 37 Thailand baht ($1.147 US) in cash per share, or a totalvalue of 3.046 bil baht ($94.418 mil), in a privately negotiated transaction. The transaction was subject to shareholders' and regulatoryapprovals and to due diligence review.$ 94.418 - PrimePartners Corp Fin - F Opin0.00000PrimePartners Corporate Finance Pte Ltd1.00000Pending54910.0000010383.00000100541.0000079526.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000002021:Creamery butter2022:Natural, processed, and imitation cheese2032:Canned specialties2033:Canned fruits, vegetables, jams, and jellies2034:Dried fruits, vegetables, and soup mixes2035:Pickled fruits and vegetables, salad dressings2037:Frozen fruits, fruit juices, and vegetables2038:Frozen specialties, nec2051:Bread and other bakery products, except cookies2052:Cookies and crackers2053:Frozen bakery products, except bread2082:Malt beverages2083:Malt2084:Wines, brandy, and brandy spirits2085:Distilled and blended liquors2086:Bottled & canned soft drinks & carbonated waters5812:Eating places5813:Drinking places (alcoholic beverages)841937001SingaporeThailand2084ForeignPublicY922021:Creamery butter2022:Natural, processed, and imitation cheese2032:Canned specialties2033:Canned fruits, vegetables, jams, and jellies2034:Dried fruits, vegetables, and soup mixes2035:Pickled fruits and vegetables, salad dressings2037:Frozen fruits, fruit juices, and vegetables2038:Frozen specialties, nec2051:Bread and other bakery products, except cookies2052:Cookies and crackers2053:Frozen bakery products, except bread2082:Malt beverages2083:Malt2084:Wines, brandy, and brandy spirits2085:Distilled and blended liquors2086:Bottled & canned soft drinks & carbonated waters5812:Eating places5813:Drinking places (alcoholic beverages)880400001ThailandThailand5812ForeignPublicOISHI94.418003045.6380094.4180048.50100Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/moodys/PR_155429_809969290moodys/PR_155429_809969290htmlGlobal Credit Research Announcement ## MAY #### Announcement: Thai Beverage Public Company Limited Moody's comments on ThaiBev's potential acquisition and disposal Hong Kong, May ##, #### -- Moody's Investors Service has commented...5/16/2008 1:18:17 AMhtmlThai Beverage Public Company LimitedThai Beverage Public Company Limited809969290150.0000NewsAnnouncementPR_155429_809969290Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_809969290moodys/COP_809969290htmlGlobal Credit Research Credit Opinion ## MAR #### Credit Opinion: Thai Beverage Public Company Limited Thai Beverage Public Company Limited Bangkok, Thailand Ratings Category Moody's Rating Outlook Stable Issuer Rating -Dom Curr Baa#...Credit Opinion1/10/2008 4:15:00 AMThai Beverage Public Company Limited809969290150.0000NewshtmlThai Beverage Public Company LimitedCOP_809969290Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_138745_809969290moodys/PR_138745_809969290htmlAnnouncement8/3/2007 12:23:15 AMGlobal Credit Research Announcement # AUG #### Announcement: Thai Beverage Public Company Limited Moody's outlook mixed for Asia Pacific consumer products sector Hong Kong, August ##, #### -- Moody's Investors Service sees a mixed...Thai Beverage Public Company Limited809969290150.00Newshtml809649227Central Proteinaprima Tbk (P.T.)809600396China Fishery Group Limited600021965Universal Robina Corporation600014392San Miguel Corporation600014125Foster's Group Limited358800Lion Nathan Limited24810Coca-Cola Amatil LimitedCentral Proteinaprima Tbk (P.T.); China Fishery Group Limited; Coca-Cola Amatil Limited; ...PR_138745_809969290Credit & Investment ResearchMoody's Global Credit Research