Thai Union's feed mill subsidiary goes public with IPO
The company plans to list Thai Union Feedmill Public Company Limited on the Stock Exchange of Thailand through an initial public offering.
Thai Union plans to list Thai Union Feedmill Public Company Limited, a subsidiary of the company, on the Stock Exchange of Thailand through an initial public offering (IPO) of TFM newly issued ordinary shares and a portion of its existing ordinary shares currently held by the company.
The successful offering of newly issued and existing ordinary shares in Thai Union Feedmill Public Company Limited will cause a reduction in the company’s equity interests in the subsidiary.
The company’s business structure will be well reorganized, which will resiliently facilitate the business administration and management as well as the expansion of manufacturing activities and future investment in relation to manufacturing and distribution of aquafeeds, the company said.