Thai Beverage acquires coffee bean processor Dongguan LiTeng

Chang Beer, made by Thai BeverageChang Beer, made by Thai Beverage

Thai Beverage’s indirect subsidiary, Asiaeuro International Beverage (Guangdong), or AIB (GD), has acquired all of Dongguan LiTeng Foods, a China-based coffee bean processor, the Chang beer maker said Tuesday.

The consideration for the acquisition is 300,000 yuan, equivalent to LiTeng Foods’ registered capital, the company said in a filing to SGX.

The acquisition was funded through internally generated funds and isn’t expected to have a material impact on earnings per share for the current financial year, Thai Beverage said.

LiTeng Foods is now an indirect subsidiary of Thai Beverage, the filing said.

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