Thailand Billionaire Charoen Sirivadhanabhakdi Age 80 with $12 Billion Fortune to Retire as Fraser & Neave (F&N) Chairman on 16th January 2025 & Appointed as Chairman Emeritus, Koh Poh Tiong Appointed as Chairman and CEO Thapana Sirivadhanabhakdi Who is Son of Charoen Sirivadhanabhakdi is Appointed as Vice-Chairman, F&N Listed on Singapore Exchange with Market Value at $1 Billion
26th December 2024 | Hong Kong
Thailand billionaire Charoen Sirivadhanabhakdi (Age 80) with $12 billion fortune has announced to retire as Fraser & Neave (F&N) Chairman on 16th January 2025 & appointed as Chairman Emeritus, with Koh Poh Tiong appointed as Chairman and CEO Thapana Sirivadhanabhakdi (Son of Charoen Sirivadhanabhakdi) appointed as Vice-Chairman. F&N is listed on Singapore Exchange (SGX) with current market value of around $1 billion. Charoen Sirivadhanabhakdi is the founder of Thai Beverage, and has key shareholdings in TCC Group, F&N., Fraser Property, Oishi Group, Berli Jucker, Big C Supercenter & Asset World Corporation. In 1995, Charoen Sirivadhanabhakdi (Thai Beverage) created Chang beer. Charoen Sirivadhanabhakd late wife is Khunying Wanna (Wanna Sirivadhanabhakdi), and they have 5 children (Atinant Bijananda, Wallapa Traisorat, Thapana Sirivadhanabhakdi, Thapanee Techajareonvikul & Panote Sirivadhanabhakdi). In 2024 July, Thai Beverage (ThaiBev, $9.2 billion market value) has proposed a share swap between subsidiary InterBev Investment & Thailand billionaire Charoen Sirivadhanabhakdi investment holding company TCC Assets, with InterBev Investment to transfer all 28.78% of Frasers Property to TCC Assets and TCC Assets to transfer 41.3% of F&N to InterBev Investment. Thai Beverage (ThaiBev) CEO is Thapana Sirivadhanabhakdi, who is the son of Charoen Sirivadhanabhakdi. Thailand billionaire Charoen Sirivadhanabhakdi personal fortune is at $11 billion. Profile – Fraser and Neave, Limited (“F&N” or the “Group“) had its origins more than a century ago, in the spirited decisions of two enterprising young men, John Fraser and David Neave, who diversified from their printing business to pioneer the aerated water business in Southeast Asia in 1883. From a soft drinks base, F&N ventured into the businesses of beer in 1931, dairy in 1959, property development and management in 1990, and publishing & printing in 2000. In 2012, the Group divested a substantial part of its beer business. In 2013, as F&N celebrated its 130th year of operation, it also welcomed its new majority shareholder, the TCC Group, which is engaged in food and beverage, real estate, industrial trading and consumer products, insurance and agriculture. In January 2014, through a distribution in specie and re-listing of Frasers Property Limited by way of introduction on the Singapore stock exchange, the Group demerged its Properties business. Today, F&N is a leading Southeast Asian consumer group with expertise and prominent standing in the Food & Beverage and Publishing & Printing industries. Leveraging its strengths in marketing and distribution, research and development, brands and financial management, as well as years of acquisition experience, the Group provides key resources and sets strategic directions for its subsidiary companies across both industries. Listed on the Singapore Stock Exchange, F&N ranks as one of the most established and successful companies in the region with an impressive array of renowned brands that enjoy strong market leadership. F&N is present in 11 countries spanning Asia Pacific and the Americas, and employs over 7,200 people worldwide.
“ Thailand Billionaire Charoen Sirivadhanabhakdi Age 80 with $12 Billion Fortune to Retire as Fraser & Neave (F&N) Chairman on 16th January 2025 & Appointed as Chairman Emeritus, Koh Poh Tiong Appointed as Chairman and CEO Thapana Sirivadhanabhakdi Who is Son of Charoen Sirivadhanabhakdi is Appointed as Vice-Chairman, F&N Listed on Singapore Exchange with Market Value at $1 Billion “
$9.2 Billion Thai Beverage (ThaiBev) Proposes Share Swap Between Subsidiary InterBev Investment & Thailand Billionaire Charoen Sirivadhanabhakdi Investment Holding Company TCC Assets, InterBev Investment to Transfer All 28.78% of Frasers Property to TCC Assets & TCC Assets to Transfer 41.3% of F&N to InterBev Investment, Thai Beverage (ThaiBev) CEO is Thapana Sirivadhanabhakdi Who is Son of Charoen Sirivadhanabhakdi, Charoen Sirivadhanabhakdi Personal Fortune is at $11 Billion
19th July 2024 – Thai Beverage (ThaiBev, $9.2 billion market value) has proposed a share swap between subsidiary InterBev Investment & Thailand billionaire Charoen Sirivadhanabhakdi investment holding company TCC Assets, with InterBev Investment to transfer all 28.78% of Frasers Property to TCC Assets and TCC Assets to transfer 41.3% of F&N to InterBev Investment. Thai Beverage (ThaiBev) CEO is Thapana Sirivadhanabhakdi, who is the son of Charoen Sirivadhanabhakdi. Thailand billionaire Charoen Sirivadhanabhakdi personal fortune is at $11 billion.
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