Who owns Chang?
Chang is owned by ThaiBev (Thailand, SGX: Y92).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: Thai Beverage — Annual Report 2025, Thai Beverage Public Company Limited. Last checked .
Key facts
- Current owner
- Thai Beverage Public Company Limited reported
- Owner HQ
- 🇹🇭 Thailand
- Origin
- 🇹🇭 Thailand
- Founded
- 1995
- Category
- Beverages › Beer › Lager
- Parent ticker
- SGX: Y92
- Last verified
- · 2 sources
About Chang
Chang is ThaiBev's flagship beer and, according to the company, the number one beer in Thailand. The range includes Chang Classic, Chang Cold Brew and Chang Unpasteurized, launched in 2022 as Thailand's first unpasteurized beer, and in 2025 ThaiBev opened Chang Canvas, a microbrewery at One Bangkok, while also selling the brand in Myanmar.
Ownership timeline of Chang
Where Chang sits in ThaiBev
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full ThaiBev ownership tree →
See the full ThaiBev brand portfolio (18) →
Other brands owned by ThaiBev
ThaiBev controls 18 brands on Brandtree, 18 of them in beverages.
Also in beverages
- 333 (1949)
- 333 Pilsner
- anCnoc
- Balblair (1790)
- Bia Lac Viet (2020)
- Bia Saigon
- Bia Saigon Chill
- Bia Saigon Special
- Crystal (1993)
- est (2012)
- Larsen Cognac (1926)
- Oishi Green Tea
- Old Pulteney (1826)
- Phraya
- PRAKAAN (2024)
- Speyburn (1897)
- The Cardrona
Other brands in lager, and who owns them
The 200 brands in lager on Brandtree belong to 55 owners. The largest is AB InBev, with 17; ThaiBev has 7.
| Brand | Owner | Owner based in |
|---|---|---|
| Aguila | AB InBev | 🇧🇪 Belgium |
| 33 Export | Heineken | 🇳🇱 Netherlands |
| Allsopps | EABL | 🇰🇪 Kenya |
| Asahi Super Dry | Asahi Group | 🇯🇵 Japan |
| Cristal | CCU | 🇨🇱 Chile |
| Cabro | Cervecería Centro Americana | 🇬🇹 Guatemala |
| Beermix | Obolon | 🇺🇦 Ukraine |
| Bomonti Filtresiz | Anadolu Efes | 🇹🇷 Turkey |
About the owner: ThaiBev
ThaiBev is a publicly listed company headquartered in Thailand, founded in 2003. Brandtree records 18 brands under its control, and it is listed as SGX: Y92.
ThaiBev was established in 2003 as a holding company for Thailand's spirits and beer businesses and listed on the Singapore Exchange in 2006. It reported sales of Baht 333,286 million for the year to September 2025 across spirits, beer, soft drinks and food. It owns Chang beer, Oishi and est, the Scotch whiskies of Inver House, and controlling stakes in Vietnam's SABECO, Myanmar's Grand Royal Group and, since an October 2024 share swap, about 70 per cent of Singapore's Fraser and Neave.
🇹🇭 Chang and other Thai brands
Brandtree records a controlling owner for 76 brands that began in Thailand. 6 of them (8%) are now controlled by a company headquartered in another country; Chang is not one of them.
- All Coco — Sappe 🇹🇭
- Carabao Dang — Carabao Group 🇹🇭
- M-150 — Osotspa 🇹🇭
- 3BB — AIS 🇹🇭
- After You — After You 🇹🇭
- Anantara Hotels & Resorts — Minor International 🇹🇭
Frequently asked questions
Who is the parent company of Chang?
The parent company of Chang is ThaiBev, a publicly listed company headquartered in Thailand.
Is Chang Thai?
Yes. Chang originated in Thailand in 1995 and its owner, ThaiBev, is also headquartered in Thailand.
Is Chang still owned by ThaiBev?
Yes. As of 26 October 2026, Chang is still owned by ThaiBev. The ownership record was last checked against primary sources on that date.
Sources (2) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Thai Beverage — Annual Report 2025 — Thai Beverage Public Company Limited, Annual report; retrieved 16 September 2026.
- [2] Chang Beer: Chang Classic — Chang Beer (Thai Beverage), Official document; retrieved 26 October 2026.
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