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Korn: SET entry unlikely for Chang after Singapore listing.

Bangkok Post (Bangkok, Thailand)

| February 01, 2006 | COPYRIGHT 2006 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Nuntawun Polkuamdee

Feb. 1--Thai Beverage Plc is unlikely to be able to list on the Stock Exchange of Thailand if it goes forward with a Singapore listing, said Democrat MP Korn Chatikavanij.

Mr Korn, a former chairman of JP Morgan and a respected investment banker, said technical conflicts over dual listings would hinder ThaiBev's entry to the SET.

"I think if ThaiBev does list on the Singapore Stock Exchange, it will have the money needed to raise funds for business expansion," he said.

"There are a number of obstacles to dual listings. DTAC, for instance, has been working for a dual listing for a while, to little success ...

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