Thaifoods Group Establishes New Subsidiary to Integrate Asset Management

Thaifoods Group Public Company Limited (SET: TFG) announced on Wednesday that the company has established TFG Asset Management Company Limited as a new subsidiary, the purpose is integrated asset management.

The registered capital was 100,000,000 baht, with 1,000,000 ordinary shares at THB 100 each and a paid-up registered capital of 25,000,000 baht.

The corporation owns 99.998% of the stock, while the other two shareholders own 0.0002%. The planned return on investment is to provide debt collection services for the company’s group.