OISHI Jumps 24% ATO after ThaiBev Announces Tender Offer with 26.8% Upside

The share price of Oishi Group Public Company Limited (SET: OISHI) rose THB11.00 or 23.66% to THB 57.50 per share at the open on Monday after Thai Beverage Public Company Limited (SGX: Y92 or ThaiBev) announced that it will make a tender offer to all remaining shares in OISHI and will delist the latter from a listed company in the Thai stock market.

ThaiBev announced on Friday that its Board of Directors approved the plan for the tender offer of all 76,279,602 shares in OISHI, which represents 20.34% of the total number of issued and paid-up shares in OISHI, which are not already owned by ThaiBev, at the tender offer price of THB 59.00 per shares.

OISHI closed at THB 46.50 per share on Friday before the announcement came out.


Oishi Group Public Company Limited is a Thailand-based company engaged in the operation of Japanese restaurants and bakeries, as well as the distribution of food and beverage.

ThaiBev currently holds 79.66% in OISHI.


ThaiBev stated that as the company will delist OISHI, it will provide cost savings which would have been incurred in connection with OISHI being a publicly listed entity on Thailand’s SET Index.

The tender offer will be funded through internally generated and/or externally sourced funds as may be appropriate and is not expected to have any material impact on the earnings per share and net tangible assets of ThaiBen for this current financial year.