Yesterday, ThaiBev said it was “not seeking funding for a potential general offer for F&N”. Previous post
Seems that there was no appetite among the S’poran and M’sian banks it approached to fund the takeover. So it didn’t try to get funding.
Oh and the party acting in concert with it is the controllling shareholder’s son-in-law’s co that bot the APB shares from OCBC and friends ($45) and in the market.