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Taiwansheng divested its pet food business, issued additional shares for listing, and established a Shanghai company

 Last Update: 2022-12-29
 Source: Internet
 Author: User

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Last month, global seafood giant Thai Union spun off pet food company i-Tail from its parent business and re-listed on the Thai Stock Exchange, issuing 132 million new shares
.
Taiwansheng currently holds 77.
82% of the equity of
i-Tail.

On December 16, i-Tail announced to the Stock Exchange of Thailand that it intends to establish i-Tail (Shanghai) Co.
, Ltd.
and i-Tail Europe in the Netherlands
.

It is reported that i-Tail Shanghai has a registered capital of 10 million yuan, and the company will develop its own brand in the Chinese market, develop pet food and pet-related product business, and seek new market opportunities
in pet food-related fields.

i-Tail Shanghai will also be an importer and distributor of pet food, with main products not manufactured
in Chinese mainland.

With a registered capital of €1 million, i-Tail Europe will be mainly supplied to the UK, Germany, France and the Netherlands, and its branded products will be imported
from overseas, mainly Thailand.

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