Opposition To IPO of Thai Beverage
Chamlong leaped back into the public view when, in 2005, he led a coalition of 67 religious and 172 anti-alcohol groups to protest the initial public offering (IPO) of Thai Beverage plc (maker of Beer Chang and Mekhong rum) in the Stock Exchange of Thailand. Along with thousands of Santi Asoke supporters, he camped in front of the Stock Exchange of Thailand for several nights on the eve of Visakha Bucha, citing "a grave threat to the health, social harmony and time-honored ethics of Thai culture" if the IPO was approved. The IPO, which would have raised USD $1.2 billion making it the largest listing in SET history, was indefinitely postponed by the SET. Thai Beverage eventually listed in Singapore.
Read more about this topic: Chamlong Srimuang
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