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ThaiBev acquires 76% stake in restaurant chain for $4.7 mil

PC Lee Published on Tue, Oct 03, 2017 / 7:15 PM GMT+8

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SINGAPORE (Oct 3): Thai Beverage’s wholly owned subsidiary Food of Asia Co. has acquired a 76% stake in Spice of Asia for THB114.5 million ($4.7 million).

This makes Spice of Asia an indirect subsidiary of ThaiBev.

Incorporated in Thailand, Spice of Asia operates a chain of 10 restaurants under four brands, being Cafe Chilli, Chilli Thai Restaurant, Eat Pot and Pot Ministry, serving hotpot and Thai food.

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