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THAI BEV

Thai Bev protesters in front of Charoen's residence



Kamron Chudecha, a protester leader, on Tuesday mobilised about 5,000 members of 384 anti-drinking organisations in front of the residence of Thai Beverage Plc's founder Charoen Sirivadhanabhakdi.

 He said the protesters would stay put until Charoen promised not to list Thai Bev in Thai exchange.

The protesters in the afternoon disappeared from the Stock Exchange of Thailand's building, as they moved to try different approaches to kill Thai Bev's listing efforts.

Vichate Tantiwanich, executive vice president of the Stock Exchange of Thailand, said that the 7 leaders of the protesters agreed that the exchange has no authority to bar the listing, as long as the law allows it. Blocking the listing would thus violate the law. Thus, if the protesters are against the listing, they must file a petition to have the law amended.

 "The leaders expressed their understanding in the exchange's role and the legal framework. They agreed to stop the protest this afternoon and whether they would resume the gathering depends on Thai Bev's decision to refile the listing application," Vichate said.

 Thai Bev on Monday decided to cancel the listing, due to the protest, citing that it does not want to further fuel conflicts in the Kingdom.


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