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    Home > Food News > Food Articles > Taiwansheng divested its pet food business, issued additional shares for listing, and established a Shanghai company

    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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