TU Establishes “AMG-Thaiunion Feedmill” in Pakistan for Feed Product Distribution

Thai Union Group Public Company Limited (TU) announced that its subsidiary with 66.90% investment Thai Union Feedmill Public Company Limited (TFM) has entered into a new joint venture establishment known asAMG-Thaiunion Feedmill (Private) Limitedregistered under the laws of Pakistan for joint investment with eight local shareholders.

The objective of incorporation is joint investment and collaboration in relation to feed products which will focus on manufacturing and distribution of Aquatic Feed, Livestock Feed, Pet Food, Shrimp & Fish Farming, Shrimp & fish Hatchery and Seafood Processing.

The registered authorized capital is Rs.340,000,000 divided into 3,400,000 ordinary shares, with the par value of Rs.100 per share.  

According to shareholding structure, TFM holds 867,000 shares (51.00%) (Approximately 17.83 million baht at the exchange rate of 100 Pakistani Rupee equal to 20.57 Thai Baht).