(Image below sourced from bloomberg.com)
Thai Billionaire Nears Win on F&N After OUE Sticks to Bid
Chinatown BillionaireCharoen, 68, was born and raised in Bangkok’s Chinatown district after his parents moved from Shantau in China. His business interests extend to other industries such as property development, insurance. Based on his 70 percent stake in Thai conglomerate Berli Jucker Public Co. and a 66 percent holding in Thai Beverage, he now has $5.9 billion worth of stock, according to data compiled by Bloomberg.
Thai Bev, which sells Chang -- Thailand’s No. 2 beer brand -- as well as spirits and soft drinks, got only about 3.7 percent of its 2011 revenue of 132 billion baht ($4.2 billion) from outside its home country, according to data compiled by Bloomberg. Thai Bev in 2006 sold shares in Singapore after anti- alcohol protesters blocked an offering in its home market. The company says it is now is looking to expand overseas.