88(Thailand) Public Company Limited (mai: 88TH) has informed the Stock Exchange of Thailand that the meeting of the Board of Directors No. 2/2026 held on February 19, 2026 has resolved to approve the establishment of a new subsidiary with the following details:
MONSTER LAB CO., LTD was established to engage in the trading of pet food, pet cleaning products, and other pet-related supplies and equipment. The subsidiary is set to be established within March 2026, with a total registered capital of not exceeding THB 50 million divided into 500,000 ordinary shares with a par value of THB 100 per share. 88TH will be holding all of the subsidiary’s shares.
The purpose of this investment was to enhance the group’s revenue and profitability while mitigating operational and tax risks arising from differing VAT practices from the existing business.
