15 May 2008 - Thai Beverage Public Company Limited (ThaiBev), Thailand's largest alcohol beverage company, said it has signed a memorandum of understanding to acquire a 43.9% stake in Oishi Group PCL for about THB3 billion (USD 93.8 million).
Oishi Group is a Japanese restaurant operator and also manufactures "semi-finished food, finished food, bread, ramen and beverages," according to ThaiBev.
ThaiBev said the acquisition would in line with its plans to broaden its core business and to enhance the contribution from its non-alcoholic business.