NR Instant Produce Public Company Limited (SET: NRF) announced on Monday that its Board of Director’s
meeting has passed the resolution to establish Boosted NRF Corp. II (incorporate in the U.S.), in bid to to invest in branded products on Amazon.com with proven sales performance and continuous returns from its operations.
The establishment is expected to be completed within 2022.
Boosted NRF Corp. II shall be established in accordance with business objectives to purchase assets, not limited to,
intellectual property, trademarks, expertise and know-how, and other intangible assets relating to Branded E-commerce business group in ethnic, plant-based, and functional product sectors in which the Company has expertise and competitive advantages in these fields as well as distribution channels through E-commerce platform.
No more than 98% of Boosted NRF Corp. II to be held by NRF Consumer Limited (a wholly owned subsidiary of NRF).