TU Expands Aquafeed Business in Ecuador Through New Subsidiary

Corporate Action

โดย HoonVision·

Summary · why it matters

Mr. Thiraphong Chansiri, President and CEO of Thai Union Group (TU), revealed that Thai Union Feedmill (TFM), a subsidiary in which TU holds 51%, has established a new subsidiary in Ecuador named Thai Union Feedmill Ecuador S.A.S. to support investment and expansion of the aquafeed business in the region. The company was registered on September 4, 2026, with an initial registered capital of 27 million US dollars, divided into 27 million ordinary shares at a par value of 1 US dollar per share. TFM holds 85.19% of the shares, while Avanti Feed Ltd. holds 11.11%, and Pacific Aqua Solution Pacsol S.A.S. holds 3.70%. The main objective is to invest in constructing a factory to operate businesses related to aquatic animals in Ecuador, which will enhance TFM's potential in international markets and create opportunities for long-term business expansion. Meanwhile, TFM plans to increase the registered capital of this subsidiary from 27 million US dollars to 30 million US dollars, along with adjusting the shareholder structure. After the capital increase, TFM will remain the major shareholder, but its stake will decrease from 85.19% to 76.67%, or 23 million shares out of a total of 30 million shares. Avanti Feed will hold 10%, and Fevalri S.A. will newly hold 10%, while Pacific Aqua Solution Pacsol S.A.S. will hold 3.33%.