Fish-food firm announces IPO for expansion
Thai Union Feedmill Co, a subsidiary of Thai Union Frozen Product Co, has informed the Securities and Exchange Commission that it will launch an initial public offering (IPO) not exceeding 109.30 million shares on the Stock Exchange of Thailand.
It has appointed Bualuang Securities as financial adviser.
The proceeds will be spent on expanding its aquatic-feed business abroad and repaying loans and also serve as a revolving fund.
The company makes and exports food for shrimp and freshwater fish.
