Betagro: list on stock exchange in 2008
One of Thailand's major agricultural groups, Betagro, has celebrated its 40th
anniversary by announcing plans to list on the Stock Exchange of Thailand (SET)
in 2008 with the aim of raising funds for the expansion of the company's food
and farm businesses.
The listing application would be filed this year in
order to take advantage of the incentives offered by the Securities and Exchange
Market regulators have said that companies filing in
2007 for a listing in 2008 will be eligible to have their corporate tax rate of
25%, which compares with the normal rate of 30%.
Group chief executive Vanus
Taepaisitphongse said that another objective was to increase Betagro's
professionalism as a major specialist in the chicken and pork business.
At present, only two chicken producers are traded publicly, namely
Charoen Pokphand Foods and GFPT.
''In the first 40 years, we have
engaged mainly in upstream industries, producing feeds, farming, and making
food. Now we'll take another step forward, focusing more on downstream
businesses, high-standard ready-to-eat meals and effective marketing and
distribution,'' he said.
â€¢ Charoen Pokphand
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