Thai Union Feedmill PCLTFM establishes an Ecuador subsidiary and raises its capital to $30 million to strengthen capital readiness and fund aquaculture expansion.

Thai Union Feedmill (TFM) is advancing its aquaculture business investment in Ecuador by establishing a subsidiary, Thai Union Feedmill Ecuador S.A.S., which was completed on September 4, 2026, with an initial registered capital of $27 million. TFM holds 85.19% of the shares, alongside AVANTI FEED LTD. with 11.11% and PACIFIC AQUA SOLUTION PACSOL S.A.S. with 3.70%. Subsequently, the capital was increased to $30 million, resulting in TFM's shareholding proportion decreasing to 76.67%, while AVANTI FEED LTD. holds 10%, FEVALRI S.A. holds 10%, and PACIFIC AQUA SOLUTION PACSOL S.A.S. holds 3.33%. The company stated that this shareholding restructuring aims to strengthen capital readiness and liquidity, support future operations and business expansion, and build strong business alliances in Ecuador.
Thai Union Feedmill PCLTFM establishes an Ecuador subsidiary and raises its capital to $30 million to strengthen capital readiness and fund aquaculture expansion.
Thai Union Feedmill Ecuador S.A.S. is the newly established subsidiary whose capital was increased to $30 million to support operations and expansion.
PACSOL holds a minority stake in the new Ecuador subsidiary, diluted from 3.70% to 3.33% after the capital increase.
AVANTI FEED LTD. is a shareholder in TFM's Ecuador subsidiary, with its stake changing from 11.11% to 10% after the capital increase.
FEVALRI S.A. joins as a 10% shareholder in the Ecuador subsidiary following the capital increase.