Thai Beverage Plc, the country’s largest producer of spirits and Southeast Asia’s largest producer of beer by sale volume, said it is planning to file for a listing of it common shares with the Stock Exchange of Thailand (SET) by the year-end after it put the plan on hold due to protests and filed with the Singapore Stock Exchange instead three years ago.

Finance Minister Suchart Thadathamrongvech unveiled that the company will float 80 million shares, or 0.3 percent of its total outstanding share to the market.

The company plans to raise 25.111 billion baht in the IPO, which will make its one of the Thailand’s top ten biggest listing firms on the SET.

Mr. Suchart said the government’s support for Thai Beverage to list on its home market will also encourage foreign companies to look into the listing on local bourses in Thailand.

Thai Beverage’s plan to list on the Stock Exchange of Thailand in 2005 had been derailed by street protestors, who alleged that beer and alcohol are sin business in the Buddhist-dominated country.