Thai Beverage, the country's largest producer of spirits and beer, yesterday decided to postpone indefinitely the listing of its shares on the local bourse following massive protests by anti-alcohol groups.
"Group of students, religious leaders, and citizens gathered in front of Stock Exchange Thailand head office (SET TRADE), protesting and demanding for Stock exchange committee not to accept the application for public trading in Thailand stock market, tells our Citizenside member.
This is an on going battle between then group and ThaiBev, the producer of famous Thai beer under the brand of “BEER CHANG” . This is not the first time for such protest to happen.
On the 20th of November as much as 10,000 protesters gathered for such protest.
One of the protesters said even though ThaiBav is donating money in many different charities programs, such as the annual giving away of blankets to the poor, and building temples, the money that being use are from the people whom the company are poisoning them in the first place, by letting the company take it shares to public stock exchange it can only be giving them more money to make poison and resale it to the people.
Another protester said this is may not be the best way to resolve drinking problem, but because of few laws a fewer enforcement on the laws this is may be better than not doing any things at all.
Thai law permit person of 18 to be able to buy, not drink alcohol, and to legally drink at the age of 20.
However these laws are rarely met in practical. Over drinking are major problems, and a leading cost of auto accidental death, and child abuse in Thailand.
Thailand is raided to be one of the top five alcohol consumer per person per year in the worlds. The protesters are prepared to stay as long as they have to until ThaiBav permanently stop trying to apply for stock exchange application.