CPF mergers 10 agro-industrial food subsidiaries
10 operating agro industrial and food businesses have been consolidated into a new firm - CPF (Thailand) Plc, aimed at enhancing business efficiency.
The ten subsidiaries are Bangkok Agro-industrial Products, CP Northeastern, Bangkok Food Products, CPF Food Products, BP Food Products, Rajburi Foods, CP Industry, CP Agro Industry, Klang and International Pet food.
CPF (Thailand) received CPF shareholder approval to invest 66.3 billion baht in China and Vietnam, buying up 74.18% of Hong Kong listed CP Pokphand Co, which has two main enterprises in Vietnam through CP Vietnam Corporation.
(By Joyce Rainat)
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